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.
DEFINITION of 'Straight Through Processing-STP'. An initiative used by companies in the financial world to optimize the speed at which transactions are processed.ne of the benefits of STP is a decrease in settlement risk. This is because a shortening of transaction-related processing time will increase the probability that a contract or an agreement is settled on time.