in order to provide its employees with life insurance coverage the policy corporation entered into a group life insurance contract with the Nordlight insurance company. Policy then gave each covered employee a description of the group coverage which is known as $($ master group insurance contract$/$certificate of insurance$).$ For purposes of the group life insurance coverage. Polly's employees are known as group $($ insureds$/$policyholders$)1)$ master group insurance contract$/$insureds $2)$ master group insurance contract$/$policyholders $3)$ certificate of insurance$/$insureds $4)$ certificate of insurance$/$policyholders