Changes for content/handbook/total-rewards/benefits/general-and-entity-benefits/ltd-benefits-uk.md: 7 added lines, 4 removed lines.
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@@ -156,7 +156,7 @@ Provides a tax-free lump sum payment to your loved ones, offering peace of mind
<detailsmarkdown="1">
<summary>Eligibility Requirements</summary>
- All team members aged 16 to State Pension Age
- All team members aged 16 to 75
- Automatic enrollment upon hire
</details>
@@ -164,7 +164,8 @@ Provides a tax-free lump sum payment to your loved ones, offering peace of mind
<detailsmarkdown="1">
<summary>Coverage & Key Features</summary>
- 4x your annual base salary coverage (up to £375,000 automatically)
- The automatic cover threshold for the Group Life Insurance policy is 4x base salary.
- Underwriting: Based on the current non-medical limit of £1,800,000, the salary threshold above which medical underwriting is required is £450,000 (i.e., £1,800,000 ÷ 4).
- Tax-free benefit payment
- Includes Cancer Assist support through Reframe
- View the [Life Insurance Policy Guide](https://drive.google.com/file/d/1D7QXKKvVtafQFbBFD4mPuKqbi1mqBsLh/view?usp=sharing)
@@ -183,7 +184,7 @@ Provides a tax-free lump sum payment to your loved ones, offering peace of mind
<detailsmarkdown="1">
<summary>Medical Underwriting</summary>
- Salaries above £375,000 require medical assessment for additional coverage
- Salaries above £450,000 require medical assessment for additional coverage
- Contact total-rewards@gitlab.com if you need coverage above the automatic limit
</details>
@@ -196,6 +197,7 @@ Provides 66% of your base salary if you cannot work due to illness or injury, pl
<summary>Eligibility Requirements</summary>
- All team members aged 16 to State Pension Age
- After State Pension Age, team members are enrolled in an Extended Cover Policy up to age 70.
- Automatic enrollment upon hire
</details>
@@ -222,7 +224,8 @@ Provides 66% of your base salary if you cannot work due to illness or injury, pl
<detailsmarkdown="1">
<summary>Medical Underwriting</summary>
- Coverage up to £226,000 salary automatically
- The automatic cover threshold for the Group Income Protection policy is 66.6% of salary.
- Underwriting: Based on the current non-medical limit of £155,000, the base salary threshold above which medical underwriting is required is £232,732 (i.e., £155,000 ÷ 66.6%).
- Higher salaries require medical assessment for additional coverage
