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.
There are three nonforfeiture options: (1) cash surrender; (2) reduced paid-up insurance; and (3) extended term. insurance. CASH SURRENDER OPTION. If a policyowner chooses, he/she may request a cash payment of the cash. values when the policy is surrendered. In a whole life policy, there will be a table.