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 âEffective Dateâ of a Life Insurance Policy. The effective date of your life insurance policy is the official and legal start date of your policy. This is a very important date since benefits can be triggered while an application is in process. In addition, this date also affects the contestability clause and the suicide clause of the policy.