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Legal & General enhances wellbeing proposition across all group risk products
Legal & General Group Protection has strengthened its Be Well. Get Better. Be Supported. wellbeing framework even further, by announcing its new partnership with Spectrum.Life. The partnership brings a digital, integrated wellbeing solution, at no extra cost, to all existing and new clients, across their Group Life Assurance, Group Income Protection and Group Critical Illness Cover.
1 Mar 2023
Spectrum.Life is a leading digital mental health and wellbeing platform provider, already supporting over 2,000 organisations and 4m+ employees in the UK and Ireland. Its proposition is designed to remove wellbeing complexity and evolve the traditional Employee Assistance Programme (EAP) concept.
This exciting new arrangement combines traditional EAP services, such as ‘in the moment’ support to employees and their immediate family - 24/7, 365 days a year - including access to: counsellors (also bereavement counselling); legal and financial information; a medical helpline; manager consultations; and critical incident support.
It also evolves some of these aspects. For example, instant support is available from highly experienced and accredited Counsellors or Psychotherapists, as appropriate. Also, a range of evidence-based therapeutic models is available, as well as traditional short-term solution focused therapy (Cognitive Behavioural Therapy). Support is delivered in the format the individual feels comfortable with; online platform, app, telephone, live chat, SMS, WhatsApp, email and, if preferred, they can request a call back.
The Spectrum.Life platform and app adds value beyond traditional EAP support. This includes:
- digital gym – live and on-demand fitness classes – and physical wellbeing pathways, including pre-created workout programmes, hundreds of exercises and tracking metrics, saving employees money on gym memberships
- self-guided mindfulness and meditation
- nutritional wellbeing pathways, including a wide range of handy recipes
- mental health eLearning – clinician-led content on mental health, depression, anxiety, sleep, financial wellbeing, parenting and more, through a combination of video, blogs, podcasts, webinars and articles
- online shopping discounts
James Walker, Head of Product and Proposition, Legal & General Group Protection:“Our new partnership with Spectrum.Life is directly aligned with that goal, helping bring together all the pillars of wellbeing in the one place, plugging everything into both our expert in-house clinical support and existing services where appropriate, such as Virtual Clinic, launched last year as part of Group Income Protection.
“Through simplification and connectivity, we hope to encourage day-to-day usage – in a preventative and proactive way – thereby helping realise value for both people and business.”
Stephen Costello, CEO, Spectrum.Life: “In Legal & General Group Protection we believe we’ve found a partner who’s as passionate about making workplace wellbeing more manageable, customisable and accessible than ever, for companies of all sizes, as we are. Combining our wellbeing and technology expertise with Legal & General’s outcomes-focused framework – Be Well. Get Better. Be Supported. – we can provide full-service, integrated solutions, all in the one place; not only helping more employees and their families, but also helping those tasked with managing wellbeing in the workplace.”
Further information
Notes to editors
Established in 1836, Legal & General is one of the UK’s leading financial services groups and a major global investor, with £1.2 trillion in total assets under management (as at FY23) of which c40% (circa £0.5 trillion) is international.
We have a highly synergistic business model, which continues to drive strong returns. We are a leading international player in Institutional Retirement, in Retail Savings and Protection, and in both public and private markets through our Asset Management division. Across the Group, we are committed to responsible investing and dedicated to serving the long-term savings and investment needs of customers and society.
As at 7 June 2024, we estimate the Group’s Solvency II coverage ratio to be 224%.
As at 11 June 2024, Legal & General has a market capitalisation of £14.6 billion.
Legal & General Retail helps create brighter financial futures for all our customers. The division covers the savings, protection and retirement needs of our c.14 million retail policyholders and workplace members.
In 2023, we had total individual annuity sales of £1,431 million, and issued £299 million of Lifetime Mortgages and Retirement Interest Only Mortgages. Our Workplace pension platform served 5.2 million members, while our Protection businesses gave peace of mind to several million direct, group and US customers, taking in £1,991 million of UK and $1,584 million of US gross written premiums.