Hi,
You have to look at the DS/RM of the part you want to use and see what is the configuration your device have. It depends on the exact partnumber. You can find two 'types' of flash, P-Flash and D-Flash. Both flash are ablr to execute code, but only D-Flash can be used as Flex Memory. So in the Kinetis family, you can have:
One P-Flash bank
Two P-Flash banks (with SWAP mechanism)
One P-Flash and other D-Flash (in some devices, the same size, other P-Flash is bigger than D-Flash)
So, You can use D-Flash (the same used by Flex Memory) to store firmware or execute code, but in this case you manage the D-Flash in the same way you use P-Flash. No real Flex Memory, as Flex memory is limited by the amount of FlexRAM to manage EEPROM functionality.
What is the exact partnumber you want to use?
Regards,
Luis