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.
Guaranteed Level Term Life Insurance. Guaranteed level term life is the most common type of term life insurance. It is defined by yearly premiums that never increase during the life of the policy. The fact that the policy has a defined expiration is a clear drawback to this type of policy.