The Exeter Pure Protection Plus

Pure Protection Plus Overview

Pure Protection Plus is one of the few products which can provide individuals in higher risk occupations with an ‘Own Occupation’ incapacity definition.

• The Exeter uses an ‘Own Occupation’ incapacity definition for the vast majority of occupations.
• Between 2014 and 2016, The Exeter’s successful claims rate has stayed consistently at 94% of all valid claims.
• Pure Protection Plus only has age banded premiums, although policyholders do have the option to guarantee their premiums to ensure they increase at a consistent rate.

The Exeter Pure Protection Plus Policy Conditions

We have taken care to ensure that the information on this Drewberry owned website is accurate. However we can give no guarantee as to the accuracy of the content of the site. We accept no liability for any losses whether direct or indirect arising from errors on our part.

Drewberry Reviews The Exeter Pure Protection Plus

Taking out cover with a mutual society such as The Exeter means you become a member. This gives you the right to vote in the insurer’s Annual General Meeting and a say over how the provider is run.

Key Comparison Points

• Pure Protection Plus only offers age banded premiums which increase throughout the policy. If policyholders also choose reviewable premiums, they might see the cost of their policy leap in price unexpectedly.
• The Exeter doesn’t guarantee to cover all occupations for Pure Protection Plus. However, occupations that are covered all receive Own Occupation cover.
• This policy offers an optional Fixed Benefit. For no additional cost, you can guarantee a fixed benefit of up to 75% of your benefit by providing financial evidence. This is to ensure that if your earnings drop unexpectedly, as may happen if you’re a self-employed manual worker, you can still receive the majority of your benefit.
• The Exeter offers benefits with membership, including access to their personal medical advice service and use of their private prescription service.

Additional Benefits

The majority of The Exeter’s additional benefits are found within its HealthWise program, which is accessed via smartphone app. This offers:

• GP on demand and prescription service (up to 4 consultations each year)
  Book phone or video services with UK GPs without leaving your home for guidance, recommendations for further treatment and potentially prescriptions if required.
• Second medical opinion service (up to 2 consultations each year)
  Provides access to a second medical opinion where your diagnosis can be assessed and analysed by a second expert pair of eyes. It could provide a different treatment plan, or just valuable reassurance.
• Physiotherapy (up to 6 consultations each year)
  Offers assessment, diagnosis and treatment of musculoskeletal conditions through a network of physiotherapists. You can get the help you need via video consultation.
• Mental health support (up to 6 consultations each year)
  Gives you access to fully trained specialists who can assess and treat a range of mental health conditions including anxiety, depression and substance abuse, as well as offering emotional and behavioural support. The service is provided by video consultation with therapists via the app.

Another benefit is Proportionate Benefit, which 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

The Exeter in 2016 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 Insurance: Questions and Answers

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 Pure Protection Plus.

Q. Will I still be able to claim Income Protection if I am abroad.

A. Depending on where you go outside of the UK, you may still be able to claim. The Exeter will keep you covered as long as you are in or return to any of the following countries:

UK / EU / Australia / Canada / Channel Islands / Gibraltar / Iceland / Isle of Man / New Zealand / Norway / Switzerland / United States of America

Q. Does Pure Protection Plus have a minimum cease age?

A. The Exeter asks that you choose a cease age for your policy that is between 50 and 70. However, you’re not tied to your policy and you can cancel it sooner if you feel that you do not need it.

Need Expert Income Protection Advice?

As you can see, there are a lot of points to consider when comparing insurers. With so many factors in play, it can be time-consuming to pull up key information across every single insurer in the market, so why not ask an adviser for help?

Why Speak to Us…

We started Drewberry because we were tired of being treated like a number and not getting the service we all deserve when it comes to things as important as protecting our health and our finances. Below are just a few reasons why it makes sense to talk to us.

• There is no fee for our service
• We are independent and impartial
  Drewberry isn’t tied to any insurance company, so we can provide completely impartial advice to make sure you get the most appropriate policy based solely on your needs.
• We’ve got bargaining power on our side
  This allows us to negotiate better premiums for you than you going direct yourself.
• You’ll speak to a dedicated expert from start to finish
  You will speak to a named expert with a direct telephone and email. No more automated machines and no more being sent from pillar to post – you’ll have someone to speak to who knows you.
• Benefit from our 5-star service
  We pride ourselves on providing a 5-star service, as can be seen from our 3759 and growing independent client reviews rating us at 4.92 / 5.
• Gain the protection of regulated advice
  You are protected. Where we provide a regulated advice service we are responsible for the policy we set-up for you. Doing it yourself or going direct to an insurer won’t provide this protection, so you won’t benefit from these securities.
• Claims support when you need it the most
  You have support should you need to make a claim. The most important thing when it comes to insurance is that claims are paid and quickly. We are here to support you during the claims process and make sure it’s as smooth and stress free as possible.