Changes to income protection underwriting compliments Managed Life offering
Healthcare and protection specialist The Exeter has adapted its underwriting approach to offer income protection to people suffering from type 2 diabetes.
The extension of IP compliments The Exeter's Managed Life product which already provides responsive life insurance for those with type 2 diabetes.
The Exeter's IP proposition offers a targeted, bespoke plan for low risk occupations (Income One Plus) and a plan for people working in more manual physical occupations (Pure Protection Plus).
"At The Exeter we pride ourselves on our inclusive approach to providing cover, and income protection is a vital part of that," said Steve Bryan, director of distribution and marketing at The Exeter. "This latest extension of cover for type 2 diabetics is part of our broader approach to increasing access to protection across the board. As attitudes and treatment develops for those with manageable long-term illnesses, it's essential that providers themselves innovate and change to meet the growing needs of the public."
Statistics from Diabetes UK show that almost 3.7 million people are living with diabetes, 90% of those have type 2, with over 12 million people at risk of developing it in the UK.
A Diabetes UK audit (Facts and Stats 07 Part Two: Who is at Risk of Diabetes?) also found that 85% of people with type 2 diabetes were classed as overweight or obese.
The Exeter joins other providers within the market offering IP cover for type 2 diabetes, including Holloway Friendly, Zurich and AIG Life.
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