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.
3.7.2 Adjustable Life Policies. Adjustable life policies contain a high degree of flexibility by combining term and permanent insurance to allow changes to the policy's face amount, period payments, and term during the policy lifetime. Adjustable life policies are constructed using whole life insurance as the base policy.