With Profits endowment terminology : "Total plan value" vs "Final Bonus"

motorhead_2

In my Standard Life endowment statement I read :

Current surrender value = Total plan value + Final Bonus.

I think I can understand what "Current surrender value" means.
Should I care how much of it is "Total plan value" and how much is "Final Bonus"? 
I assume it is important if they make it prominent on the statement ?
I tried to read https://lib.standardlife.com/library/uk/bonusannouncement.pdf and some other docs on Standard Life  but it is difficult to understand for a novice :-( 
I know there is a MEP possibly on top of this but I assume that's separate.

Thanks
MH

Old_Lifer

The current surrender value is what you would receive if you cashed-in your policy now.

The amount of the final bonus depends on how long the policy has been in force, the longer it has been in force the higher the rate of final bonus you will receive .   As the name implies, the final bonus is payable at the end of the term (or on death within the term)  so If you surrender now you will receive the surrender value of the current final bonus applicable to your policy.   Therefore,  your current surrender value is the surrender value of the policy plus  the surrender value of the final bonus.

At maturity your policy will have been in force longer so you will receive a higher rate of final bonus (although overall rates of final bonus may have increased or decreased by then) and you will receive  the final bonus in full.

I cannot comment on the MEP.    It is not within my area of knowledge.