Features and benefits

Protection for your family should the worst happen. Brought to you by Nationwide and provided by our trusted partners Legal & General.

  • Pays out a lump sum to your loved ones

    If you pass away during the time you’re covered, they’re protected.

  • Fixed payments throughout the policy

    Unless you choose to make a change, your payments will stay the same.

  • Advance payout of up to £5,000

    The Early Days Advance Payment - PDF 232KB (opens in a new window) offers some financial relief while claims are being processed.

  • Option to add Critical Illness Cover at an extra cost

    Receive your lump sum if you are diagnosed with one of the conditions covered - PDF 118KB (opens in a new window).

  • Option to add Waiver of Premium at an extra cost

    Covers your monthly payment after 26 weeks if you can’t work due to sickness or injury.

  • Claims are handled sensitively

    By Samaritans-trained case handlers.

Plus, get a 15% discount if you’re a Nationwide member. You’re a Nationwide member if you hold a Nationwide mortgage, savings or current account. You’ll also need to have got your quote on or after 23 June 2021.


Restrictions 

Life Insurance does not offer: 

  • Cover for over  90s 
    You choose how long you’d like your cover to last. A Life Insurance only policy can provide cover up until your 90th birthday. However, if you add on Critical Illness Cover, the Life Insurance policy can only provide cover until you’re 70 years old.

Note:

Life Insurance:


Types of cover

Level cover

The lump sum stays the same throughout the length of time you are insured for.

Level cover life insurance could be suitable if you want to cover yourself for a specific amount. It could cover things like:

  • An interest only mortgage — as the amount you owe won’t have gone down over time.
  • Rent payments.
  • Childcare or school fees.

To apply for level cover

You need to be:

  • Between 18 and 77 years old.

Decreasing cover

The lump sum you’re insured for reduces over the length of your policy.

Decreasing cover life insurance could be suitable if you have a repayment mortgage. Your level of cover will go down over time, roughly in line with the amount you owe on your mortgage.

To apply for decreasing cover

You need to be:

  • Between 18 and 74 years old.

Add on Critical Illness Cover

You can choose to add Critical Illness Cover to your life insurance policy at an extra cost.

Covering a wide range of illnesses, it will pay out your lump sum if you are diagnosed with one of the conditions covered - PDF 118KB (opens in new window).

Allowing you to focus on your health, Critical Illness Cover could help pay for:

  • Your mortgage or rent.
  • Everyday bills and expenses.

You choose how long you’d like your cover to last. A policy that includes Critical Illness Cover can provide cover until your 70th birthday.

Find out more about Critical Illness Cover

To add Critical Illness Cover

With level cover — you need to be:

  • Between 18 and 67 years old.

With decreasing cover — you need to be:

  • Between 18 and 64 years old.