Part of the "sell or retain" decision is to work out what proportion of the payments I've been making have been to provide the life cover element of the policy. I'd like to know this so I can work out what kind of return I've managed to get from the various offers I get when I put the policy to the market.
I'm guessing the amount is a factor of the joint policy holders age at the start of the policy. Maybe there is a table somewhere with historic values?
One other question... if I sell the policy does this count as income for tax purposes or capital gains or tax-free?