Which of the following best describes the 'blackout period' in a life insurance needs analysis?

Question: Which of the following best describes the 'blackout period' in a life insurance needs analysis?

Answer options:

• The time between when an application is submitted and when it is approved.
• The period when a disabled person is not yet eligible for long-term disability benefits. ✅ A period where a surviving spouse's government benefits may cease before their retirement benefits begin.
• The two-year suicide exclusion period on a new policy.

Correct answer: A period where a surviving spouse's government benefits may cease before their retirement benefits begin.

Explanation: In needs analysis, the blackout period refers to the time after survivor benefits for children end (e.g., when the youngest child turns 18) and before the surviving spouse is eligible for their own retirement or CPP/QPP benefits.