Review of The Exeter Life Insurance

The Exeter Insurance was founded in 2008 by Exeter Friendly Society and Pioneer Friendly Society. They joined together and became The Exeter Life Insurance. Both companies have a history in insurance and income protection back to 1888.

The Exeter offers insurance policies designed for those who would normally be declined for insurance. Namely, those with Type 2 Diabetes or have a High BMI.

They offer a term policy called Managed Life. In addition to this life policy, they offer two forms of Income Protection.

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Pros

• Policies for Type 2 Diabetes and High BMI Applicants
• Encourages healthier living with goal setting to lower premiums

Cons

• Only sold through Financial Advisers
• Failure to meet goals set could result in higher premiums

How User-Friendly is The Exeter’s Insurance Buying Process?

If you’re looking for a smooth ride on the wave of insurance purchasing, The Exeter’s Insurance Buying Process is as smooth and seamless as you could hope for. Everything screams ‘user-friendly’. From the well-structured website to the no-nonsense forms, every aspect of its digital process is designed to keep confusion at bay, which catapults it far above its competitors in this respect.

Moreover, the complimentary feature that The Exeter’s insurance buying process provides, is the ability to manage your policy right from your home’s comfort. Their intuitive dashboard allows customers to update their personal details, add beneficiaries, and even check claims status. A true definition of ‘user-friendly’, wouldn’t you agree?

The Exeter Insurance Pricing: Value for Money?

Let’s pretend for a fraction of a moment that you’re exploring an underground market in search of a rare artefact. But, guess what? The artefact you seek doesn’t burn a hole in your wallet! That’s what using The Exeter feels like. At Pure Cover, we believe in fair pricing and we love that about The Exeter. They offer an excellent balance between affordability and comprehensive coverage, creating a worthy value-for-money proposition.

The Exeter Insurance pricing is highly competitive and provides a wide array of policy options to suit economical and extensive cover needs. Their flexible plans ensure you still get the essential coverage without paying for extras you don’t need. So, is it value for money? In our books, absolutely!

Understanding The Exeter’s Insurance Policy Terms

Ever felt lost in the dense forest of terms and conditions typically accompanying insurance policies? With The Exeter, the wilderness of confusing jargon is replaced with a serene park of clear, understandable information. They have clearly invested time in presenting their Insurance policy terms in a straightforward and digestible manner.

In order to amplify this, The Exeter also elucidates the non-disclosure effects clearly. In a nutshell, what you see is what you get. No thin, barely-readable prints tucked in some hidden corner that spring forth, catching you off guard. The clarity and transparency demonstrated by The Exeter in their policy terms certainly boosts their credibility and customer trust.

A Look into The Exeter’s Insurance Customer Service

Now let’s step into the empathetic world of The Exeter’s customer service. Just like a well-mapped quest in a role-playing game, every step in their customer service interaction is guided, offering assistance where needed. They’re highly responsive, with their friendly staff always ready to address customer concerns and provide necessary clarifications.

The Exeter’s customer service crew follow the ‘customer-first’ principle, which is reflected in their willingness to go the extra mile in resolving policyholder queries. This kind of dedication towards excellent customer service has made them a star player in the insurance industry.

The Exeter’s Claims Process: Fast and Fair?

When it comes to claiming insurance, the sails can either be smooth or can transform into a turbulent storm. With The Exeter, it veers towards the former. The Exeter claims process is designed to be as uncomplicated as possible.

Policyholders praising the expediency and fairness of the claims process are not rare. A strong indicator of their commitment towards customer satisfaction, the process also reiterates the importance they place on rectitude and promptness.

Customer Opinions on The Exeter Insurance Products

“The proof of the pudding is in the eating,” as the saying goes. The same logic can be applied to The Exeter insurance products. But don’t just take our word, the rave reviews are evidence enough. The experiences narrated by their policyholders and the satisfaction showcased testify to the quality of their insurance products.

With positive sentiments being echoed across various review platforms, it’s clear that The Exeter’s customer opinions are definitely favourable. They are applauded for their comprehensive coverage, affordable plans, and stellar customer service.

The Strengths and Weaknesses of The Exeter Insurance

Like a character from an intense movie, The Exeter Insurance also has strong points and areas of improvement. The prowess of their stellar customer service, easy-to-understand policies, and efficient claims process are their crowning jewels. However, nitpickers might argue that they have a limited range of products when compared to some other market players.

Looking at The Exeter’s insurance strengths and weaknesses, their commendable value proposition, product accessibility and customer-focused policies outshine their limitations easily, making them a reliable choice for many.

The Coverage You Get with The Exeter Insurance

Ah! The coverage provided by The Exeter Insurance – a discussion purely painted in colours of admiration. They aptly cover a vast spectrum of insurance needs. From life insurance to income protection, they’ve got you well covered.

Whether it’s an unexpected incident or something more severe like a critical illness, with The Exeter coverage, you can flip life’s unanticipated pages with peace of mind. Knowing that you’re in safe and trustworthy hands makes all the difference, doesn’t it?

Insurance Options: Our Honest Breakdown

The Exeter Life Insurance offers one life insurance option. It is designed for those with Type 2 diabetes or who are overweight.

They also offer two income protection plans. Each is designed with a different range of options to fit your income replacement needs.

Managed Life

The Exeter Insurance Managed Life is available to customers resident in the UK between the ages of 18 and 80. This policy is available in level or decreasing terms. The level benefit will remain fixed for the policy term. The decreasing benefit will reduce each month, similar to the decrease in the amount of an outstanding mortgage.

The policy will pay a lump sum in the event of the death of the insured. It will also pay out if diagnosed with a terminal illness when life expectancy is less than 12 months.

The term for this policy can be between 5 and 50 years. The policy must end before age 90. And the minimum cover benefit is £20,000 with a maximum of £3,000,000. The minimum monthly premium is £15.

Managed Life plan by The Exeter Life Insurance offers a chance to reduce your benefits from year to year if you can provide evidence of your improved health. Although if your health worsens it could cause your premiums to increase.

Income Protection

The Exeter Life Insurance offers two Income Protection products.

Pure Protection Plus

The Exeter Life Insurance Pure Plus pays a chosen benefit if you are unable to work due to illness or injury. The standards apply to your chosen occupation only. It covers most occupations. The premium paid will not change based on your job.

The benefit has two options to simplify a claim. 75% of the initial benefit with financial evidence or a fixed £1000 of benefit without any financial evidence at application submission. You choose when will end, between 50 and 70 years of age.

Premiums are offered at a guaranteed or reviewable basis. Guaranteed is a fixed increase that is set in advance while the reviewable can change as you age but can vary. This review is once your policy reaches 3 years old.

The waiting periods are your choice. With The Exeter Life Insurance, they can vary from day one up to one year.

Pure Protection Plus includes a waiver of premium this feature allows the insured to longer need pay premiums for a claim.

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Income One Plus

The Exeter Insurance Income One Plus covers low-risk, office-type occupations. The premium you pay may reflect the type of work you engage in. The standards also apply to only the job you are currently working in.

The benefit is the same as Pure Protection. It has two options to simplify a claim. 75% of the initial benefit with financial evidence or a fixed £1000 of benefit without any financial evidence at application submission. The Exeter Life Insurance gives you the choice of when will it end, between 50 and 70 years of age. And there are no standard exclusions.

Income One Plus offers your choice of claim periods. If long-term does not fit with your budget you can file a Limited Claim Period of 2 up to 5 years. This will provide a lower premium.

You can choose the premium payment that is best for your situation. Level premiums are higher but remain the same. Age-costed premiums begin lower but will increase as you age.

The waiting periods are your choice. They can vary from day one up to one year.

Income One Plus includes a waiver of premium this feature allows the insured to longer need pay premiums for a claim.

How The Exeter Insurance Stands Against Major Competitors

Every industry has its titans, and the insurance industry is no exception. In the heat of this battlefield, The Exeter stands strong. It’s not about being the biggest, but being the best that matters. And herein lies the charm of The Exeter.

The Exeter vs competitors, – it manages to hold its ground because of its insistence on quality, customer-first attitude, competitive pricing, and superior claim handling. These factors combine to form a formidable defence against competitors, making The Exeter a worthy contender.

Is The Exeter Insurance Worth the Investment?

Finally, the winding roads of our discussion bring us to the crux point – the judgement. Is The Exeter insurance worth it? After examining all the facets of The Exeter, we, at Pure Cover, can firmly establish our stance – Yes, indeed!

Not only does The Exeter investment worthiness stand strong, but it also goes beyond expectations. It wraps up comprehensive policies with a bow of affordability and a ribbon of incredible customer service. So, does this make The Exeter insurance worth the investment? Absolutely yes!

Frequently Asked Questions(FAQ)

Conclusion: The Exeter Life Insurance

Managed Life also includes two temporary benefits at no extra cost during the period of time between your submitted application and acceptance or denial. Accidental Death Benefit will pay the lesser of the sum of your cover applied for or £250,000. Also, a Mortgage Free Cover Benefit is only available for mortgage protection. The Exeter Insurance will cover you if you die and it starts when we offer acceptance terms and you’ve exchanged contracts. It will pay the lesser of the sum of your applied cover or £500,000.

While The Exeter Life Insurance only offers one policy, it is one that is sorely needed for those who do not qualify for an insurance policy with other insurers. Their acceptance of Type 2 Diabetes and those who are considered overweight gives assurance to those who would otherwise remain uninsurable.

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