Page 1 of 3GLA-01114NY 7/08 COBRA GUIDELINES HOW DOES AN EMPLOYEE APPLY FOR COBRA?â¢ The Employee needs to complete the Dental COBRA Election Form (GLA-01359*) within 60 days of the date of terminationor qualifying event.
Straight life. A straight life insurance policy is a type of permanent insurance that provides a guaranteed death benefit and has fixed premiums. This traditional life insurance is sometimes also known as whole life insurance or cash value insurance.
The key drawback to converting your term life policy to a permanent one is the cost. Premiums vary based on many factors. But as an example, a 30-year-old woman who might pay $190 a year for a $250,000 30-year term life policy would pay $2,137.50 a year for a $250,000 for a whole life policy.