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.
Assignment of a life insurance policy means the act of transferring the rights of property in the policy from one person to another. There are two types of assignments: ULIPs- Unlike Traditional Plans, Unit Linked Insurance Plans (ULIPs) invest a part of your premiujm amount into the financial markets.