If preferred stock is noncumulative, the company is required to pay dividends that were passed in previous years

Which type of policy combines the flexibility of a universal life policy with investment choices?

A) Adjustable universal life policy B) Flexible universal life policy C) Variable universal life policy D) Modified universal life policy

Which of the following is not a true statement about the settlement statement:

a. it is to account for all money involved in the transaction b. the seller's loan payoff will be a debit to the seller, a credit to the buyer c. buyer total closing cost will appear on the back and front of the statement d. it will note if monies were paid up front