What does Contract Holder mean?

A contract holder is basically the main beneficiary of a Segregated Fund Contract.

Contract Holder explained

These types of segregated contracts are first of all being carried out by Canadian insurance companies. These pretty much work like any life insurance, but with small exceptions. The contract holder is being guaranteed a reimbursement of the capital if death occurs, but the most important aspect of a segregated fund is that these funds are totally detached from the company’s capital represented by investments.