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.
People buy life insurance for different reasons. Some purchase it solely for the death benefits, while others also use it as a savings vehicle. Whole life insurance provides savings that appear as the policyâs cash value. The net cash surrender value is less than the cash value. It is the monies that a life insurance policy holder receives upon a policyâs surrender or cancellation.