With links going back to 1888, The Exeter as it is today was founded when two friendly societies joined forces: The Exeter Friendly Society and Pioneer Friendly Society in 2008.
As a mutual, it has no shareholders to keep happy, so operates solely for the benefit of its members. It offers a range of protection products, including Life Insurance, Health Insurance and various Income Protection policies.
By reaching this page you are eligible for 2 months FREE cover when you arrange a new Income Protection policy. Simply fill in the form below to apply your 2 months free discount or call us on 02084327333 stating the code VC2MF.
The Exeter Income Protection Coverage
60% of gross earning up to £100,000 per year; 40% of anything above.
Maximum Claim Duration
Full cover to term
Limited payment terms
Day 1 or 1 / 4 / 8 / 13 / 26 or 52 weeks
Waiver of Premium
The Exeter has policies that offers both manual workers and office-based workers access to own occupation cover, which is invaluable for anyone looking for Income Protection.
Independent Protection Expert
If you select a 2 year limited payment period, you can fix a benefit of £1,000 without having to provide any financial evidence. This means if your income falls between taking out your policy and needing to claim, you’ll still receive the fixed benefit.
If you don’t select the ‘Minimum Benefit Guarantee’ option, you can select the ‘Rehabilitation Benefit’.
If after a claim you return to the same occupation you had before becoming ill / injured but can only do so on a part time basis, The Exeter pays a reduced benefit for up to 24 months to top up your earnings.
If after a claim you can only return to work in a different role / with a reduced salary, The Exeter pays a proportionate benefit to top up your reduced income.
It is important to note that, as with the ‘Rehabilitation Benefit’, this benefit isn’t available if you’ve already added the Minimum Benefit Guarantee to your policy.
If you can provide proof of income to The Exeter within 12 months of taking out a policy, you can fix up to 75% of your benefit. This means that should your income ever fall, you know you will still receive a set amount of cover.
Regardless of the benefit amount you choose, The Exeter will not require individuals under the age of 42 to provide routine medical evidence.
In the event of a claim, while you are receiving a benefit, The Exeter pays your premiums for you.
The Exeter offer the option of indexed-linked Income Protection. This means each year your benefit is adjusted in line with inflation based on the Retail Price Index (RPI), up to a maximum increase of 10% per year.
It’s important to remember that, with this option, premiums also increase to compensate for your larger benefit.
Life brings with it certain events which may mean you need to increase your benefit. The Exeter therefore lets you increase cover without asking any further medical questions at every third policy anniversary, or when you:
If any of the above happen you must inform The Exeter within 3 months of the relevant event. You can also only increase your benefit by the lower of £500 per month or 20% of your initial benefit.
Health Wise is a free additional benefits programme available to all Income Protection policyholders and their families.
The app, which can be accessed by smartphone or tablet anywhere in the world, provides quick and convenient medical advice and treatment when and where you need it. Services you can access via Health Wise include:
Book phone or video GP consultations directly through the Health Wise app, from anywhere in the world, at a time that suits you.
If you are diagnosed with a serious illness you may want to get a second opinion on a course of treatment or even the diagnosis itself.
The Health Wise app offers up to two consultations each year to discuss your diagnosis and treatment plan with a medical expert. This service can help provide reassurance or identify different treatment plans.
Access up to 6 video physiotherapy consultations a year to help assess, diagnose and treat any musculoskeletal conditions you may have.
Access fully trained specialists up to 6 times a year to help assess and treat a range of mental health conditions such as anxiety, depression and substance abuse.
Improve your health and wellbeing with one-to-one consultations with a registered dietitian. With up to 6 consultations a year you can get help and advice on how to improve your health and wellbeing, as well as on special dietary needs that may be present due to certain health conditions.
Stress, quality of sleep and the levels of exercise we get can all impact our overall health, happiness and wellbeing.
With up to 6 consultations a year, you can work with specialists who can help you to manage stress better, improve the quality of your sleep and increase your motivation to get active so you can live a happier, healthier life.
Unlike some insurers, The Exeter has policies offering both manual and office-based workers access to own occupation cover, which is invaluable for anyone looking for Income Protection.
The Exeter allows deferred periods as short as 1 day, which often suits those with a very low level of savings or those who don’t get any sick pay.
The Exeter offer Level Guaranteed premiums with their Income One Plus policies, which don’t change in price for the entirety of the policy’s term. However, aside from this option, the only other premium type they offer is Age Banded.
As you can see, when looking to compare Income Protection Insurance there are lots of points to consider. With so many factors and a lot of different terminology at play, it can be tricky to do an accurate like-for-like comparison between providers.
We started Drewberry™ because we were tired of being treated like a number.
We all deserve a first class service when it comes to issues as important as protecting our health and our finances. Below are just a few reasons why it makes sense to talk to us.
For help and fee-free advice on Income Protection, please don’t hesitate to get in touch. You can reach us on 02084327333 or email email@example.com.
I’ve held a policy with Drewberry for several years now. They are always friendly, insightful and offer great service.