NATIONWIDE LIFE INSURANCE
Nationwide Life Insurance was set up to help provide life cover for their customers via their branch network. The Nation Wide Building Society was tied to Guardian Royal Exchange for endowment sales between 1990 & 1995.
The Nationwide Life Assurance policies were sold by its staff in its Nationwide Building Society & Estate Agents branches selling endowment mortgages under the Nationwide Life brand until 1999 - when it ceased due to "low demand", as the mortgage market slowly moved from endowments to repayment mortgages.
In 2007 Nationwide Life announced that it would sell its life insurance & unit trust division to Legal & General. The building society, whilst maintaining Financial Services products, would divert new life assurance business instead, dependant on product, across various insurers - including Legal & General, Aviva, Norwich Union & Axa Sunlife. Nationwide Building Society in 2007 completed a merger with Portman Building Society.
In 2019 the Nationwide Bs includes distribution via their branch networks & the web to personal & business customers. Nationwide Life assurance product range includes Life cover, decreasing (mortgage protection) or level term assurance, Life with Critical Illness, Income Protection , Over 55 lifecover plans & Redundancy cover.
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Article on: Nationwide Life Insurance ~ for more information visit www.nationwide.co.uk *
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