Which of the folloThe term "variable" in a variable life policy refers to the Group of answer choices variable growth rate of the cash value of the policy. the policyholder's ability to cancel the plan. insurer's ability to vary the premiums. policyholder's ability to vary the premiums.wing statements are correct? Insurance companies charge different premiums to people based on preexisting health conditions in order to reduce the adverse selection problem. The adverse selection problem arises in situations when the policyholders engage in risky activities that increase the probability of an insurance payoff. Group of answer choices Both I and II are false. Both I and II are true I is false; II is true I is true; II is false