If you are - then all you should be concentrating on is the consolidated value of the guaranteed sum assured, and bonuses allocated to date, minus the future premiums still to pay. Ideally the net total should be more than the purchase price being asked for the policy, which these days will be about 108% of the surrender value.
Of course you have to continue to pay the ongoing premiums whatever happens, but the basic sum assured and issued bonus can not be withdrawn and are therefore carved in stone.
All in all you now have a guaranteed no loss product with the benefit of a terminal bonus kicker, but as this is a variable factor, caution and advice are needed at this stage.
Accountants are promoting this concept for CGT planning and any IFA wanting more information is welcome to contact us.