Group Term Life (GTL) Insurance
Life insurance is an important financial safeguard for yourself and loved ones in the event of an unexpected loss. Woodgrain has partnered with New York Life to provide you with basic GTL insurance at no additional cost to you. This coverage is equal to one times your annual salary, rounded up to the nearest $1,000.
Woodgrain's benefits package also includes Accidental Death & Dismemberment (AD&D) insurance. In this case, the amount of coverage depends on the severity of your injuries, but may equal up to the amount of your GTL. For additional details, view the Group Term Life and AD&D Summary. |
Supplemental Life Insurance |
While GTL Insurance covers you as the employee in a limited amount, there is an additional option for those interested in obtaining added coverage for themselves, a spouse or children. Supplemental Life Insurance is available for purchase. When purchasing, consider:
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