Nationwide Life Insurance – Affordable Protection

When it comes to securing your family’s financial future, life insurance is one of the most important steps you can take. Whether you’re protecting a mortgage, supporting young children, or simply preparing for the unexpected, having the right life cover in place gives both you and your loved ones peace of mind.

Nationwide Life Insurance, with a straightforward application process, optional critical illness cover, and premiums starting from just £5 per month, it’s a smart solution for many UK families.

What Is Nationwide Life Insurance?

Nationwide Life Insurance is a term life insurance policy. It pays out a lump sum of money if you die during the term of the policy. This payout is tax-free and can be used by your loved ones however they need — for example:

• Paying off a mortgage or rent
• Covering daily living costs
• Funding childcare or education
• Covering outstanding debts or funeral costs

The policy is underwritten and managed by Legal & General, a leading UK insurer with decades of experience in handling life and critical illness claims.

You choose how long the cover lasts (the term), how much it pays out (the sum assured), and whether or not to include optional extras like critical illness protection.

Key Features of Nationwide Life Insurance

Here’s a breakdown of what you can expect with a policy from Nationwide:

• Choice of Cover Type: Level or decreasing term life insurance
• Terminal Illness Benefit: Included at no extra cost
• Flexible Policy Length: Up to 50 years or until your 90th birthday
• Guaranteed Premiums: Monthly payments that won’t go up
• Optional Critical Illness Cover: Pays out if you’re diagnosed with a specified serious illness
• Children’s Critical Illness Cover: Included with adult critical illness policies
• Single or Joint Cover: Policies for individuals or couples
• Backed by Legal & General: Trusted insurer with a strong claims reputation

Types of Nationwide Life Cover

1. Level Term Life Insurance

Level term life insurance provides a fixed payout if you die during the policy term. The amount remains the same throughout the policy — it doesn’t decrease or increase.

This type of policy is best for:

• Replacing your income
• Covering an interest-only mortgage
• Leaving behind a set inheritance
• General family protection

2. Decreasing Term Life Insurance

Decreasing term life insurance is designed to reduce over time, usually in line with a repayment mortgage. It’s a cost-effective way to ensure that your loved ones can pay off the outstanding balance of your home loan if you pass away.

This type of policy is best for:

• Protecting a repayment mortgage
• Keeping premiums low while still having cover
• Homeowners with steadily decreasing debts

Optional Add-On: Critical Illness Cover

You can choose to add critical illness cover to your policy for an additional premium. This provides a lump sum payout if you’re diagnosed with one of the specified serious illnesses during your policy term.

Some of the conditions covered include:

• Heart attack
• Stroke
• Certain cancers
• Multiple sclerosis
• Organ failure
• Parkinson’s disease
• Alzheimer’s disease (before a certain age)

Critical illness cover can be a financial lifeline if you’re unable to work due to illness. It’s ideal for helping with:

• Private medical treatment
• Adjustments to your home
• Lost income
• Covering care or support costs

Children’s critical illness cover is also included if you add it to your own policy — offering a financial cushion if your child is diagnosed with a covered illness.

Who Can Apply?

To apply for Nationwide Life Insurance, you must meet the following criteria:

• Be a UK resident
• Be aged:
• 18 to 77 for level term life cover
• 18 to 74 for decreasing term cover
• 18 to 67 if adding critical illness cover to level term
• 18 to 64 if adding critical illness cover to decreasing term

The cover must end before your 90th birthday.

You don’t usually need a medical exam to apply, but you’ll answer questions about your health, medical history, lifestyle, and occupation. These details help Legal & General calculate your risk and determine the cost of your policy.

What’s Covered?

Nationwide Life Insurance covers:

• Death during the policy term – your beneficiaries receive a lump sum
• Terminal illness – if you’re diagnosed with a condition expected to result in death within 12 months, the policy pays out early
• Critical illness – if selected, pays out if you’re diagnosed with a serious medical condition (as defined in the policy)

The payout can be used however your family chooses — there are no restrictions on what it must be spent on.

What’s Not Covered?

Every life insurance policy comes with exclusions. With Nationwide, you are not covered if:

• You outlive the policy term – the cover ends and no money is paid out
• You die as a result of suicide or self-inflicted injury within the first 12 months
• You provide incorrect or incomplete information on your application (non-disclosure)
• You miss premium payments and the policy lapses

Critical illness cover only pays out for the listed conditions, and each has specific definitions and criteria. It’s essential to review the policy documents to understand exactly what’s included.

Making a Claim

If your family needs to make a claim, the process is handled by Legal & General and is designed to be as smooth and supportive as possible.

To make a claim, your representative will need:

• The policy number
• A death certificate or medical documentation
• Identification for the person making the claim

Once approved, Legal & General aims to pay out quickly. Claims are often processed within 5–10 working days after all documentation has been received.

Managing Your Policy

Once your cover is in place, you can manage it by:

• Changing contact details
• Updating beneficiaries
• Switching bank accounts
• Amending your premium date
• Cancelling the policy if needed

You’ll receive regular communication and documentation from Legal & General, including a welcome pack, annual reminders, and guidance on how to make changes.

Cost of Nationwide Life Insurance

Nationwide life insurance starts from just £5 per month, though your premium will vary depending on:

• Your age
• Your health and medical history
• Whether you smoke
• The length and type of cover
• The sum assured
• Whether you select single or joint cover
• Whether you add critical illness protection

Premiums are guaranteed – meaning they remain fixed for the entire policy term unless you change your cover.

Why Choose Nationwide Life Insurance?

Nationwide is a trusted UK building society with a strong track record in customer service and ethical financial practices. Their life insurance, provided by Legal & General, combines flexibility, affordability, and reliability.

Reasons people choose Nationwide Life Insurance:

• Flexible cover options for individuals and couples
• Affordable fixed monthly premiums
• Option to add critical illness cover for extra protection
• Trusted partnership with Legal & General
• Clear terms, strong claims reputation
• Cover for up to 50 years or to age 90

Whether you’re a first-time buyer protecting your new home or a parent thinking ahead for your children, Nationwide Life Insurance can be tailored to fit your priorities.

Nationwide Life Insurance – At a Glance: