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 the nature of an insurance payout or death benefit. It is the primary function an insurance policy. On the other hand, the cash value has a completely different nature. It is the policyâs monetary worth to the owner at any point in time. Cash value is also referred to as âcash surrender valueâ.