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.
Guaranteed Universal life is the longest term policy a person can purchase. Simply put a guaranteed universal life policy can be a lifetime term policy as it requires only the premium be paid when due. A guaranteed universal life is not a savings plan, but simply level premium coverage. Answered on May 14, 2013. +4.