Selling Standard Life Policy

ritac1

I am trying to sell my endowment with Standard Life. I started it in 1988 and it matures in 2013. I have no mortgage but do need some extra cash to pay off other debts etc.

When I started it in 1988 it was known as a "with profits endowment" with a sum assured for £30,000.

Current surrender value according to S Life is:

Basic Value: 12917.69
Final Bonus: 1172.93
Total plan value: 14090.62

I pay £37.90 monthly

Sum assured: 9750.00
Bonus added: 7064.32 (This years bonus £59.40)
Minimum to pay at maturity: 16814.32


I recently gave all the details to APMM and had a few offers. The best one appeared to be from Foster and Caulfield (I think) who offered between 14880 and 15330. I sent off all the necessary details and have heard from them this morning, they returned all the paperwork and advised they cannot deal with my policy since it is an Early Maturity Plan.

I have looked back through all my paperwork from Standard Life and it seems that the policy has had a number of different titles, i.e.

originally With Profits Endowment
Policy Loan
Minimum Cost Plan
and now
Early Maturity Plan
Minimum Cost Plan (80) - Early Maturity.

I wondered if I go with one of the other offers is the same thing likely to happen and is there something unusual about an 'Early Maturity Plan'?

ritac1

The same thing just happened again, who on earth will buy my Early Maturity Plan with Standard Life???