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Standard Life policy - sell or keep?
Options

Birdy
Posts: 147 Forumite

Started December 1987
Due to mature December 2009
Gross premium £30
With-profits basic sum assured £6804
Sum payable on death £18000
Current bonuses attached £5177
Current surrender value £12974
Maturity value forecasts 3.75 = £13400
5.5 = £13700
7.25 = £14000
Conventional with profits (MC80 plan) and no mortgage promise value
Not required to pay mortgage
Any advice much appreciated - awaiting calls from some companies which may be interested!
TIA
B
Due to mature December 2009
Gross premium £30
With-profits basic sum assured £6804
Sum payable on death £18000
Current bonuses attached £5177
Current surrender value £12974
Maturity value forecasts 3.75 = £13400
5.5 = £13700
7.25 = £14000
Conventional with profits (MC80 plan) and no mortgage promise value
Not required to pay mortgage
Any advice much appreciated - awaiting calls from some companies which may be interested!
TIA
B

0
Comments
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Maturity value forecasts 3.75 = £13400
5.5 = £13700
7.25 = £14000
If you cashed it in now and put it on deposit with a net return of 5% to maturity also paying in the premiums, then your total return would be 13,992, equal to or better than the best SL forecasts but with no risk.
Terminal bonuses are likely to go down over the next year or two, so I would head for the exit now as your policy is likely to decline in value despite receiving additional premiums..Trying to keep it simple...0
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