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.
sharing life image by feisty from Fotolia.com. Ordinary life insurance provides insurance protection for the whole life of the insured, that is, from the time of the policy's purchase until the death of the insured. It is called ordinary because the premiums remain level, unchanged for the life of the insured. In contrast, term life insurance policies provide protection for a specified term of one or more years. Other whole life policies can have flexible premium payment options different from ordinary life policies.