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 can be confusing to people who think that, by buying a variable life insurance policy, they will receive both the accrued cash value and the term componentâs death benefit when they die. Instead, the cash value slowly replaces the term policy until it represents the entirety of your death benefit.