The term variable in a variable life policy refers to the in

The term \"variable\" in a variable life policy refers to the insurer\'s ability to vary the rate of return on the policy. policyholder\'s ability to vary the premiums. the policyholder\'s ability to cancel the plan. insurer\'s ability to vary the premiums. variable growth rate of the cash value of the policy.

Solution

The correct answer is:- Policyholder\'s ability to vary the premiums

Explanation:- Variable life policy  is one under which the premiums paid by the policyholder also vary.