Head of Content
Former Senior Protection Advisor
The Exeter
About The Exeter
The Exeter is a friendly society that was founded in 1927. They offer a range of protection insurance services including life insurance, health insurance and income protection.
With over 90,000 members and more than 100 employees, they are one of the largest friendly societies in the UK and are a popular choice for specialist life insurance.
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Use our free service to access bespoke quotes and a market comparison from a life insurance specialist today.
We will compare The Exeter insurance deals against the entire market for you to help you find your ideal life insurance coverage without the stress.
What type of life insurance does The Exeter offer?
The Exeter offers a specialist type of life insurance called Real Life, which is aimed exclusively at people with serious or multiple health conditions.
This policy can be beneficial to customers who would likely be declined for cover or charged unaffordable premiums by a mainstream provider because of the level of risk involved.
Like standard life insurance policies, The Exeter’s Real Life plans will pay out upon the policyholder’s death or diagnosis of a terminal illness with life expectancy of less than a year.
Product details
The Exeter’s Real Life cover is available to UK residents who have lived in the country for at least the last three years. It is only available as a solo policy, with no joint or family options.
Other key features of this type of life insurance include:
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Length of coverage: Terms of between five and 50 years are available but the plan must end before the policyholder reaches their 90th birthday.
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Amount of coverage: The minimum amount of coverage you can take out is £20,000 and the maximum is up to £3 million.
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Term types available: Level and decreasing terms are available. With a level term policy, the payout will be the exact amount you are insured for regardless of when you pass away during the agreement. Decreasing term policies with The Exeter see the value of the payout drop by 8% during every year of coverage.
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Cost of premiums: The minimum premium for a Real Life policy is £15 per month but the exact amount you will pay will depend on a range of factors including your age, health, whether you smoke, the term type and the amount you’re insured for.
The best way to access The Exeter’s life insurance deals is through an independent life insurance adviser, like us. We will compare their products with every possible alternative from insurers across the market to ensure you end up with your ideal cover.
Additional features
Taking out a Real Life policy with The Exeter will mean you gain access to bonus features. Firstly, there is an Accident Death Benefit for under 55s while policies are being assessed.
This means that The Exeter will pay out up to £250,000 if you die as a result of an accident while they are reviewing your application. The payout will cease either when the policy begins or if The Exeter postpones, declines or rejects your insurance application.
Another perk is membership to the insurer’s Health Wise app, which offers features including remote GP appointments and video advice about lifestyle and nutrition.
Policy exclusions
Life insurance always has exclusions, and The Exeter’s Real Life plans are no exception. Your policy with them will not pay out if you:
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Gave false information during the application process
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Haven’t kept up with your premiums
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Die within the first 12 months from suicide or a self-inflicted injury
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Contract a terminal illness within the first 12 months due to self-inflicted harm
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Die as a result of a medical condition not covered by the policy
Be sure to discuss all exclusions with your insurer before committing to an agreement.
What kind of reviews does The Exeter have?
The Exeter has positive reviews from existing customers, currently holding an average rating of 4.2/5 on TrustPilot, but these reviews are for all of the insurer’s products and services.
We have summarised the pros and cons of its life insurance below:
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Advantages |
Disadvantages |
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Real Life plans provide options for those who may struggle to get approved by a mainstream insurance provider |
Limited product choice for customers without specialist needs |
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Generous amount of maximum cover (up to £3 million available) |
No joint or family policies available |
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Bonus perks including Accident Death Benefit and membership to app service |
Premiums can potentially be higher for specialist life insurance |
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Positive reviews from existing customers |
No option for increasing term insurance |
What other products does The Exeter offer?
In addition to specialist life insurance, The Exeter offers income protection products for people in various professions, and health insurance for individuals, couples and families.
Get a life insurance quote from The Exeter today
If you are looking for a life insurance quote from The Exeter, the best way to get one is through a specialist life insurance broker, like the ones on our team.
Our protection insurance experts will compare what The Exeter would offer you with quotes from across the entire market and provide bespoke advice on which option to choose.
Get started here to book a free, no-obligation chat with a life insurance adviser who specialises in The Exeter’s product range today.
FAQs
Yes. The Exeter allows Real Life customers to make changes to their policy to ensure it continues to meet their needs. This includes increasing or decreasing the amount you are covered for.
Keep in mind that making such changes to a life insurance plan will likely mean that your premiums could rise or fall, but the insurer should clarify this with you.