Insured

Life insurance terminology shouldn't be confusing. Here is the definition of insured.

The person for whom the life insurance policy is covering. If the insured dies, this will cause the death benefit to be paid out to the designated beneficiary (or beneficiaries). Typically, this will be the policyholder, but is not always the case (i.e. one spouse is the policyholder, but the other spouse is the person being insured).