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.
Only permanent life insurance policies offer cash surrender value. This includes policies such as whole life and universal life â those offering a premium savings component as well as a death benefit. Term life insurance policies, on the other hand, don't offer a payout before the date the policy matures.