Final answer:
In variable contracts, the policyowner bears the responsibility or obligation associated with the contract. For example, if the contract stipulates that the policyowner must make regular premium payments, it is their responsibility to do so in order to keep the contract active.
Step-by-step explanation:
In variable contracts, the policyowner bears the responsibility or obligation associated with the contract.
This means that the policyowner is liable for fulfilling the terms and conditions of the contract.
For example, if the contract stipulates that the policyowner must make regular premium payments, it is their responsibility to do so in order to keep the contract active.