We give our members who hold a mortgage, savings or main current account with us, a 15% discount on their Life Insurance and Critical Illness Cover.

  • FlexPlus
  • FlexDirect
  • FlexOne
  • FlexStudent
  • FlexGraduate.

FlexAccount is also a main current account if you've:

  • been paying in £750 or more a month, for the last 3 months (from a non-Nationwide account and not including Visa credits) or
  • switched to us in the past 4 months, using our Current Account Switch Team (from a non-Nationwide account).

Features and benefits

Available as an optional addition to Life Insurance, for an extra charge. This cover could help you and your family pay the mortgage or rent, bills and everyday expenses. If you can’t work, it’ll allow you to focus on your health.

  • Pays out the claim as a lump sum
    If during the policy, you are diagnosed with one of the wide range of conditions covered - PDF 118KB (opens in a new window) during the length of the policy.
  • Fixed payments throughout the policy
    Unless you make a change.
  • Advance payment 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.
  • Up to £1,000 towards registered childcare
    For your children under five, when you’ve made a valid claim.
  • 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.

Cover for your children

Children’s Critical Illness Cover is included in your policy. This could help if you need to take time off work to focus on their health.

  • Pays out a lump sum
    Up to £25,000 or 50% of your amount of cover, whichever is lower. If during the policy your child is diagnosed with one of the conditions covered - PDF 118KB (opens in a new window) (except for Total and Permanent Disability).
  • £5,000 Accident Hospitalisation Benefit
    If your child is in hospital with physical injuries, for 28 days or more, directly after an accident.
  • Family Accommodation Benefit
    Pays up to £100 per night for each night your child spends in hospital in the 3 months following their diagnosis, up to a maximum of £1,000.

If the unthinkable should happen, this cover could offer financial help of up to £4,000, towards the cost of a funeral.


Note: Critical Illness Cover is not a savings or investment product ‐ it will only pay out if a valid claim is made.


Terms, limits and exclusions that apply are explained in the Policy Summary - PDF 216KB (opens in a new window).

Types of cover

Level cover - Life Insurance with Critical Illness Cover

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

Level cover 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 67 years old.
  • A Nationwide member.

You’re a member if you have a current account, savings or mortgage with us.

Find out more about Nationwide membership


Decreasing cover - Life Insurance with Critical Illness Cover

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

Decreasing cover 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 64 years old.
  • A Nationwide member.

You’re a member if you have a current account, savings or mortgage with us.

Find out more about Nationwide membership


Get a Life Insurance and Critical Illness Cover quote

Man hugging children

If you are clear on your cover needs, you can get a quote and apply for Life Insurance and Critical Illness Cover online. You may be able to start your cover straight away.

Get a quote now