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.
The cash surrender value of an annuity is equal to the total of your premiums and any investment income that's accumulated to that date, minus any withdrawals or loans you've already taken. Depending how long you've held the annuity, there might also be a substantial surrender charge.