IBAN is an acronym, which stands for International Bank Account Number. It is a standard way of uniquely identifying an account for the purpose of improving the efficiency and speed of cross border payments.
YES NO 6 people found this helpful. â Since they were broke they decided to look at cashing in on anythinh they could. The cash surrender value on their life insurance policy would be enough to get them through.
This is a feature of permanent life insurance which is not enjoyed by owners of term life insurance. Guaranteed Cash Value. This is determined based on the applicable surrender charge of the policy and its base amount. At times, contracts explicitly state the guaranteed cash values of the purchased policy.