Common Gap. DEFINITION of 'Common Gap'. A price gap found on a price chart for an asset. These gaps are brought about by normal market forces and, as the name implies, are very common. They are represented graphically by a non-linear jump or drop from one point on the chart to another point. In general, there is no major event that precedes this type of gap.
Most term life insurance policies sold today come with a conversion feature that allows you to convert some or all of your term life insurance policy to a permanent policy like whole life, universal life or variable life. Some term policies also allow you to convert your term policy to a permanent policy in phases.
Dependent Life Insurance. MetLife is the life insurance carrier for Georgetown University. Life and accidental death and dismemberment insurance can provide financial security for your beneficiaries in the event of your terminal illness or death. The Dependent Life Insurance Plan is a voluntary, employee-paid group term life insurance plan in which you can elect coverage for your eligible dependents. For Spouse Life Coverage: You must participate in the Supplemental Life Plan in order to elect Spouse Life Insurance coverage.