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.
The third nonforfeiture option is extended term insurance. The insurance. company will use the cash values in the original policy to buy a term insurance. contract for the same face amount as the original policy. This is a new contract. and the length of time that this policy is in force will be determined by the. insuredâs attained age and the amount of the cash values.