Life Cover

Discover cover that gets better with your clients

Managed Life is life cover for people with health conditions: Type 2 diabetes or a high BMI.
With Managed Life, your client provides evidence of their condition each year. If it improves, we could reduce their premiums. If it worsens, we could increase their premiums. Simple.
Watch our launch video to learn more about Managed Life.

Protect tomorrow today.

We deliver specialist, valuable cover to groups who often find it hard to get the right cover, or any cover at all.

For some clients, who are type 2 diabetics or have a high BMI, we offer potential premium discounts when simple, tangible health goals are achieved.

For clients who have multiple or severe health conditions, or who have previously been declined life insurance, we offer cover where others often won’t .

Overview

The Exeter – quality life cover for hard to insure risks

Managed Life caters for different customer groups.

1) NEW Clients with multiple or severe health issues or who have previously been declined life cover

Life cover is perhaps even more important for your clients who have multiple or severe health issues – but cover can often be hard to access because of their medical history. However, our underwriting expertise and experience means we can offer cover where some insurers won’t.

2) Clients with type 2 diabetes and/or a BMI of up to 45

Life cover that gets better with your clients
Whereas most life insurance remains static, failing to reflect changes in health or lifestyle, Managed Life has a clear target market and will reward those who make positive changes to their health through discounted premiums.


Simple goals, tangible rewards
We provide a simple goal – an improved HbA1c reading or a reduced weight. Before your clients buy their policy, we will set targets, explaining the percentage reduction or percentage increase we will apply to their premium at each policy anniversary depending on how they have managed your condition.


Minimum and maximum premium ‘lock-in’
Once your client’s premium falls or increases to a certain amount, as set before they buy their policy, the premium will be ‘locked in’ for the remainder of the policy term.

3) Clients in good health

Managed Life is also available to buy for clients in good health, but it’s most likely to be suitable for those who fit into one of the two groups above.

Managed Life

Managed Life

Managed Life is a life insurance policy that pays a lump sum benefit when the life covered die, or is diagnosed with a terminal illness – where life expectancy is less than 12 months.

Product features

  • Who can buy Managed Life?
    Managed Life is available to customer’s resident in the UK for the last three years, aged 18 to 80 inclusive.
  • How long does the cover last?
    The term of the policy can be any number of years between 5 and 50, although the policy must end before your client reaches their 90th birthday.
  • What are the limits on cover?
    The minimum amount of benefit is £20,000 and the maximum is £3,000,000.
  • What types of cover are available?
    There are two types of benefit available – level or decreasing.
    With a level benefit, the chosen benefit will remain the same through the term of the policy.
    With a decreasing benefit, the chosen benefit will reduce each month in the same way as the outstanding amount on a repayment mortgage with an interest rate of 8% per year.
  • How much does it cost?
    The minimum monthly premium is £15.
  • What else is included on Managed Life?
    Managed Life includes Terminal Illness benefits as standard.
    Managed Life also includes two temporary benefits at no extra cost. available before cover starts:
    • Accidental Death Benefit
    • Mortgage Free Cover Benefit
  • Discount for linked policies
    Managed Life isn’t available as a joint policy; however we will apply a discount to two linked policies, reducing both premiums and the quote and application process.

For more information, see our Guide to Managed Life, Key Facts and Policy Document.

Income One Plus

Income One Plus

Income One Plus provides bespoke cover for professional, low risk and administrative occupations.

By giving your providers the choice between age-costed and level premiums, Income One Plus can better suit needs and budget. For some, the certainty a level premium provides is key, whereas for others an age-costed premium means cover is more

Key Benefits

  • Cover from day 1, along with a range of waiting periods
    Our day 1 cover option means a claim could be paid after your client has been off work for just 3 consecutive days - we will then backdate the claim to the first day they were absent from work due to illness or injury.
  • An own occupation definition for all, forever
    Some insurers offer a range of definitions according to occupation and risk. With The Exeter it’s different – we only offer your clients an own occupation definition, for all – forever.
  • Affordable age-costed premiums
    Some people like certainty, some want premiums to be as low as possible to begin. Level premiums start higher but stay the same, age-costed premiums are cheaper to begin with, but increase with age. Income One Plus offers both options for complete flexibility.
  • No standard policy exclusions
    We think income protection should be designed to be used, so there are no standard exclusions that might cause surprises at claim.
  • A choice of claim periods
    If long term cover doesn’t suit your client’s budget, you can select a limited claim period of 2 or 5 years for each individual claim, providing valuable cover at a lower price.
  • Options to fix your client’s benefit
    Our new benefit fix options reduce the risk of over insurance and further simplify the claims process. Read our Guide to Income Protection to find out more.
  • Cover that changes with your client
    Income One Plus includes a guaranteed insurability option as standard, as well as short and long term policy breaks, ensuring you can adapt your client’s cover as their life and needs change.

For more information, please see our Guide to Income Protection, Key Facts and Policy Document.

Bills & Things

Bills & Things

Bills & Things is entry-level income protection, designed to streamline and simplify the advice and buying process.

This plan is so simple there are just two decisions for you and your clients to make – how much cover is needed and for how long – is a 1 or 2 year maximum claim period required? Cover is available in blocks of £100, from £500 to £1,000 per month.

Bills & Things isn’t linked to income, so there is no financial underwriting at either application or claim, removing the worry of over insurance.

Some insurers offer different definitions according to occupation and risk. With The Exeter it’s different – we only offer your clients an own occupation definition, for all – forever.

Premiums from just £11.50 per month.

For more information, please see our Guide to Income Protection, Key Facts and Policy Document.

Income Protection (Holloway)


Income Protection is a traditional Holloway style plan, where the core income protection benefit is supplemented by a 'with profits' element, which provides the possibility of a lump sum payment when the policy finishes.

Holloway style income protection plans are popular with people who like the concept of getting a cash lump sum, as well as the core income protection benefits.

Key Benefits

  • Cover from day 1, along with a range of waiting periods
    Our day 1 cover option means a claim could be paid after your client has been off work for just 3 consecutive days - we will then backdate the claim to the first day they were absent from work due to illness or injury.
  • Simple pricing structure
    This plan is priced so neither occupation nor smoker status has an impact on the premiums paid.
  • Tax free lump sum
    A proportion of the premium costs are invested with the aim of providing a small, tax free lump sum when the policy finishes. A nice little bonus on top of the reassurance of quality income protection cover.

For more information, on Income Protection (Holloway) and to obtain a quote, please contact us.

Underwriting

We provide two application routes for Managed Life depending on the health of your client.


For clients in good health, or those with type 2 diabetes and/or a BMI of up to 45, we can provide immediate, partially-underwritten quotes through our standard application process.


For clients with multiple or severe health issues or those who have previously been declined life cover elsewhere, you can request a quote illustration by completing an online quote form that gathers more detailed information about your clients’ health.

Have a question?

If you have any questions about an application, our underwriters are here to help.

It may be that your client has a specific medical condition or family history, or a high risk occupation or hobby; either way you can speak to an underwriter directly by calling 0300 123 3203 or emailing underwriting@the-exeter.com.


For more information about the underwriting process and principles for Managed Life, see our Underwriting Guide below.

Membership Benefits

As a member of The Exeter, your clients have access to a number of value added benefits on top of their core insurance cover, at no additional cost.

Exeter Assist

Offering confidential support and guidance on a wide range of issues, from relationship concerns to worries about debt.

GP Helpline

A phone and webcam service providing information and advice about your client's health concerns or those of their family.

Private prescription service

A follow-up to the GP Helpline, providing a hassle-free way of receiving medication, without a trip to an NHS doctor.

Membership Benefits

For more details, please visit the Membership Benefits page.