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.
Whole Life Insurance does not expire; it endows. When you hit a certain point in the policy (usually age 100), the cash value equals the face amount.At that time you can take the cash, or let it keep growing.The policy will never expire even after it endows.resident and Senior Agent, Outlook Life, Most of the U.S. Whole Life Insurance does not expire; it endows. When you hit a certain point in the policy (usually age 100), the cash value equals the face amount. At that time you can take the cash, or let it keep growing. The policy will never expire even after it endows.