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.
A term insurance policy is one that simply accepts regular premiums from the owner and then pays out a fixed benefit on the death of whomever the policy covers, who might not be the same individual as the owner. Unlike a whole life policy, a term policy does not accumulate any cash value in the meantime.