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.
Permanent life insurance has an attractive feature: it has a âcash value.â. The cash value is the amount the policy is worth if it is cancelled or âsurrenderedâ while you're still alive. The cash value won't be as much as benefit value â the amount the policy would payout when you pass on. But the cash value can grow large enough to make life insurance a useful tool for investing.