



The Exeter Income Protection | Income One Plus
Income One Plus
Founded
1888
Company Type
Friendly Society
Company Overview
With links going back as far as 1888, The Exeter as it is today was founded in 2008 when two friendly societies joined forces: The Exeter Friendly Society and Pioneer Friendly Society.

As a mutual friendly society, they operate for the benefit of its members. It offers a range of protection products, including two different types of Income Protection policies, one of which is Income One Plus.
The Exeter has won several awards for its policies and service over the years, including being awarded 5 stars for the Financial Adviser Service awards for 4 years in a row.



Get 2 Months FREE Cover
By reaching this page you are eligible for two months FREE cover when you set-up your new Income Protection policy.
Simply fill in the form on this page to apply your two months free discount and get your instant quotes or call us on 02084327333 and state the code VC2MF.

Income One Plus Overview
Income One Plus offers Level Guaranteed Premiums which will not change in price throughout the duration of your policy.
The Exeter offer Own Occupation cover for all policyholders.
Income One Plus policies have the option to fix 75% of your benefit to avoid losing your cover if your salary tends to fluctuate.
Get a range of guaranteed options that allow you to adjust your cover to your changing circumstances, making Income One Plus a flexible, long-term policy.

Income One Plus is designed to cover specific low-risk occupations. You may not be able to take out an Income One Plus policy if you are in an ineligible occupation.

Neil
Pensions Advice

Robert
Income Protection
The Exeter Income One Plus Policy Conditions
Overview of Key Policy Details
|
|
Policy Type |
Income Protection |
Premium Type |
Level Guaranteed Premiums or Age Banded Premiums |
Maximum Claim Duration |
Unlimited |
Incapacity Definition |
Own Occupation |
Deferred Period |
Day 1 / 1 week / 4 weeks / 8 weeks / 13 weeks / 26 weeks / 52 weeks |
Indexation |
Optional |
Waiver of Premium |
Automatically Included |
Maximum Cover |
60% of the first £100,000 of your taxable income and 40% of your income above £100,000. |
Minimum Entry Age |
18 |
Maximum Entry Age |
59 |
Minimum Policy Term |
5 years |
Maximum Cease Age |
70 |
Guaranteed Insurability |
Increase your benefit for a maximum of 20% or £500 per month. Available up to your 55th birthday and subject to terms. |
Policy Exclusions |
No Standard Exclusions |

Neil
Pensions Advice

Robert
Income Protection
Drewberry’s Exeter Income One Plus Review
Key Comparison Points
- Level guaranteed premiums are the best kinds of premiums you can find with an Income Protection policy. Provided you don’t choose to have your policy index-linked or voluntarily increase your cover, level guaranteed premiums will stay the same until the end of your policy.
- All policyholders receive Own Occupation cover and will be able to claim on their policy as long as they are unable to work in their own occupation.
- While some providers only offer cover if you are in the UK at the time you want to claim, The Exeter allow you to claim on your policy in certain countries outside of the UK, including any country within the European Union.
Additional Benefits
- GP Helpline is available to all members of The Exeter. You can telephone a GP 24/7 using this helpline or get a webcam consultation if you would prefer to talk face-to-face.
- A Private Prescription Service works in tandem with The Exeter’s GP Helpline. Get hassle-free prescriptions without needing to see an NHS doctor.
- Rehabilitation Benefit will pay a reduced benefit for a maximum of 24 months if you return to your occupation but on a part-time basis after claiming.
- Proportionate Benefit will pay a reduced benefit if you aren’t able to return to your own occupation but instead take up a different occupation with a lower income. You can continue claiming this reduced benefit while working until:
- Your claim period ends (if you selected a limited claim period)
- Your income from your new occupation is equal to or more than your income before you were incapacitated
- You are medically able to return to your old occupation
- Your policy is terminated.
Financial strength
In 2016, The Exeter had gross assets of £195 million and reserves of £119 million. Both of these numbers saw an increase during 2015 with gross assets growing by as much as £21 million. The Society’s capital reserves represent 249% of its solvency capital requirement under the new Solvency II rules.
The Exeter Income One Plus: FAQs

We aim to know the policies we advise on inside out and back to front. Below, we have answered a couple of commonly asked questions with regards to the policy coverage of The Exeter’s Income One Plus.
If you need any further help please do not hesitate to call us on 01273646484.
Sam Barr-Worsfold
Independent Insurance Expert at Drewberry
Q. How much of my original benefits do I receive if I claim for Rehabilitation or Proportionate Benefits.
A. The amount that you receive from these benefits is dependent on your current, reduced level of income and the amount you were earning before you began claiming for incapacity.

A is your income before you began claiming for incapacity.
B is your current, reduced income.
C the benefit you were claiming while incapacitated.
Please note, however, that you will not be able to claim these reduced benefits if you chose to guarantee a minimum benefit.
Q. Do I need to provide my medical information if I want to increase my Income Protection benefit?
A. Whether or not you need to resubmit your medical information upon increasing your benefit will depend on the circumstances.
You will not need to submit any new information if you you are increasing your cover because your marital status has changed; you or your partner has had a baby or you have adopted; you have take out a new mortgage or your mortgage has increased; or it is the third anniversary of your policy.
Otherwise, you may have to submit medical information in order to increase your benefit.
