Nationwide life insurance review

If you have a family, life insurance can offer financial peace of mind. See how Nationwide life insurance works now.

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Nationwide

If you have a mortgage or are about to start a family, you may want to consider life insurance. Nationwide offers insurance policies to cover your loved ones in the event of your death, as well as provide cover if you’re unable to work. Find out how Nationwide life insurance compares below.

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What is Nationwide?

Nationwide is the world’s largest building society, with over 15 million members. It offers a range of banking and financial services, as well as home and life insurance.

Nationwide life insurance is underwritten by Legal & General.

What types of life insurance does Nationwide offer?

Nationwide offers both level term life insurance, as well as decreasing term insurance designed to cover a large, ongoing debt, such as a mortgage. It also provides optional critical illness cover, as well as income protection in the event you are unable to work due to illness or injury.

    • Nationwide life insurance

Nationwide life insurance is a level term policy that provides a set level of cover across the policy term. Your monthly premiums remain the same, as does the size of the payout your family receives if you pass away.

    • Nationwide mortgage life insurance

This is decreasing term life insurance that also offers ongoing cover for an agreed term, but unlike level term insurance, the size of your premiums and payout reduce over time. This is designed to pay off the remainder of your mortgage or other debt when you die.

    • Nationwide income protection benefit

If you’re unable to work due to illness or injury, income protection benefit will give you a monthly payment to replace up to 60% of your lost income.

Compare Nationwide policies

Data indicated here is updated regularly
Name Product Age range at application Cover range Term Pays out Joint cover
18-77, policy must end before 90
Level term and decreasing options available
If policyholder dies, the sum decided will be paid out
Optional
Nationwide Income Protection Benefit Cover
Nationwide Income Protection Benefit Cover
17-59
Up to £20,000 per month, depending on income
Not specified
If you're unable to work due to injury or illness
No
Nationwide Mortgage life insurance
Nationwide Mortgage life insurance
17-74
Not specified
From 5 to 50 years (term must end before you turn 90)
If you die or get a terminal illness during the cover period
Yes, but the policy will only be paid out once
Nationwide Critical Illness Cover
Nationwide Critical Illness Cover
17-67 (17-64 with decreasing cover)
Not specified
From 2 to 40 years (term must end before you turn 70)
If you're diagnosed with a covered illness or condition
No
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Benefits of Nationwide life insurance

  • Level or decreasing cover options.
  • Critical illness cover is available.
  • Offers single and joint policies.
  • Income protection has high maximum limits.
  • Critical illness cover covers many conditions.

Drawbacks of Nationwide life insurance

  • Does not offer whole-of-life insurance.
  • Age limit on critical illness cover.

Nationwide life insurance exclusions

Exclusions will vary based on the specific type of policy you take out, but you will generally not be covered in the following instances:

  • You did not provide accurate, complete and true information.
  • You fail to make a payment after 28 days past the due date.
  • Suicide within the first 12 months of cover.

What is the claims process for Nationwide’s life insurance?

You can make a claim by calling Nationwide during regular business hours or by mail to Legal & General.

Frequently asked questions

The offers compared on this page are chosen from a range of products we can track; we don't cover every product on the market...yet. Unless we've indicated otherwise, products are shown in no particular order or ranking. The terms "best", "top", "cheap" (and variations), aren't product ratings, although we always explain what's great about a product when we highlight it; this is subject to our terms of use. When making a big financial decision, it's wise to consider getting independent financial advice, and always consider your own financial circumstances when comparing products so you get what's right for you.

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