Group Income Protection

Twilio has chosen to provide you with Group Income Protection benefit as part of your employee benefits package. If you are unable to work due to ill health or injury, this benefit can be invaluable.  It provides peace of mind that you continue to have an income when you may need it most, allowing you to concentrate on your health rather than worrying about financial commitments.

Details of the cover are provided below.

Benefit level provided	From your first day of employment with Twilio, and provided you have more than 6 months to your State Pension Age, you will automatically be included in the Group Income Protection Scheme.  Thereafter, upon successful claim, this benefit provides 75% of your salary to be paid to you if you are unable to work due to ill health or injury on a long term basis. Potential benefit in excess of £150,000 per year will need to be underwritten. The necessary form will be provided directly to you by the insurer.
Benefit commencement	Once a claim has been accepted, benefit payments commence after a waiting period of 13 weeks from incapacity date. Once in payment, the amount paid will increase by 3% a year.
Benefit in payment	Benefit in payment could continue until State Pension Age or until you are able to return to work, whichever happens first.
Cover ceasing	Cover continues until you either leave the company’s employment or reach age State Pension Age, whichever happens first.