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 The Hartford 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.

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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:

1. Evidence of Insurability - This is a statement of your medical history and related information used to determine if you will be approved for coverage and at what level. 
2. Guarantee Issue - The amount of coverage available without providing Evidence of Insurability (if enrolling within first 31 days of eligibility). For new employees, Lincoln Financial Group offers up to $200,000 Guarantee Issue for the employee and $30,000 for a spouse. Remember, with any Supplemental Life Insurance purchased, AD&D coverage equal to the amount of Supplement Life Insurance is included. 

​​​For additional details and information, view the Supplemental Life and AD&D Summary.