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 entire cost of the policy is paid at the time of purchase. The face amount (death benefit) remains level to age 100. The cash value buildsmore quickly than in Straight Life or Limited Life. Note: The only difference in each of these whole life policies is the premium structure.