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.
Cash value life insurance offers you something that term life can't. A cash value account provides you with the ability to use the policy funds prior to your death. However, a cash value policy also comes with a surrender cost, which you should understand, because it impacts the cash value.