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The Exeter Income Protection [REVIEW]

Who Are The Exeter?

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.

The Exeter Income Protection

Policy Overview

  • Offers specialist Income Protection for physical, manual workers and skilled trades through its Pure Protection product.
  • The Exeter’s Income One Plus product offers specialist protection for office-based professionals and clerical workers.
  • Offers both short- and long-term claim durations to suit different needs and budgets.

Documents

Pure Protection Plus

Key facts PDF

Policy Terms PDF

Income One Plus

Key facts PDF Policy Terms PDF

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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.

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What Does The Exeter’s Income Protection Products Cover?

The Exeter Income Protection Coverage

Maximum Cover

60% of gross earning up to £100,000 per year; 40% of anything above.

Maximum Claim Duration

Full cover to term
Pays out with no limit in the event of a claim, up until your chosen retirement age if you can never work again.

Limited payment terms
Select either a 2 or 5 year limited payment term for each incapacity.

Premium Type

Incapacity Definition

Own occupation

Deferred Period

Day 1 or 1 / 4 / 8 / 13 / 26 or 52 weeks

Indexation

Optional

Waiver of Premium

Automatically included

We have taken care to ensure that information on this Drewberry owned website is accurate. However, we offer no guarantee as to its accuracy and accept no liability for any losses, whether direct or indirect, arising from errors on our part.

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.

Matthew Brown
Independent Protection Expert

The Exeter Income Protection: Key Benefits

Minimum Benefit Guarantee

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.

Rehabilitation 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.

Proportionate Benefit

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.

Fixed Benefit

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.

No Routine Medical Required for Those Under 42

Regardless of the benefit amount you choose, The Exeter will not require individuals under the age of 42 to provide routine medical evidence.

Automatic Waiver of Premium

In the event of a claim, while you are receiving a benefit, The Exeter pays your premiums for you.

Indexation

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.

Guaranteed Insurability

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:

  • Take out a new mortgage / increase an existing mortgage
  • Enter into a marriage / civil partnership
  • Have a child
  • Increase your salary / change job

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.

Additional Benefits

Health Wise

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:

Remote GP Appointments

Book phone or video GP consultations directly through the Health Wise app, from anywhere in the world, at a time that suits you.

Second Medical Opinion

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.

Physiotherapy

Access up to 6 video physiotherapy consultations a year to help assess, diagnose and treat any musculoskeletal conditions you may have.

Mental Health Support

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.

Dietitian Consultations

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.

Lifestyle and Nutrition Consultations

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.

Key Comparison Points

Products for High and Low Risk Occupations

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.

1 Day Deferred Period

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.

Level Guaranteed and Age Banded Premiums

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.

Compare Income Protection Quotes & Get Expert Advice

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.

Why Speak to Us?

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 help@drewberry.co.uk.

I’ve held a policy with Drewberry for several years now. They are always friendly, insightful and offer great service.

Dan Pettitt
13/01/2021
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Drewberry Ltd is registered in England and Wales. Companies House No. 06675912

Drewberry Ltd registered office: Telecom House, Preston Road, Brighton, England, BN1 6AF. Telephone 0208 432 7333

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