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.
Net surrender value of a cash value policy is the amount of money you receive after the surrender charges are subtracted from the total cash value. The net surrender value also takes into account all other costs associated with the policy and represents your true available cash value.