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.
For term policies, once you pass the companyâs maximum age, you lose coverage. Permanent life insurance, sometimes called whole life or cash value insurance, covers policyholders for life, but is subject to the insurance companyâs rules as to policyholdersâ age at issuance.