Preretirement Blackout Period

The blackout period is that time during which no social security benefits are payable to a surviving spouse.

Preretirement blackout period. A surviving spouse s blackout period begins when the youngest child reaches the age of 16. The dependency period is the time following the readjustment period when the children are growing in age and expenses for them typically rise. For example say a worker dies and leaves a 30 year old wife with two children ages 11 and 9. This period lasts until the youngest child of the family reaches age 18.

However until the surviving spouse reaches age 60 ss benefits are not available. You must apply for survivor benefits over the phone or in person. The surviving spouse s income needs lessen during this time. The preretirement period is the period of time before retirement when children are no longer dependent on their parents for financial support.

The correct answer is. When calculating the amount of insurance needed to provide for a spouse and children it s important to factor in the blackout period. The period begins when the youngest child reaches age 16 and continues until the spouse retires. A blackout period can occur when a child is too old and his or her remaining parent is too young to collect survivor benefits.

Preretirement period this period after the children are not longer dependent upon the surviving spouse qualifies for social security survivor benefits blackout period the income needs of the surviving spouse lessen during this period. Life insurance can be a solution to help fill a survivor s income gap and make up for the amount of survivor benefits lost through the application of the earnings test or during a blackout period. The period of time between when the youngest child turns 16 and the spouse reaches age 60 is known as the blackout period. A blackout period in financial markets is a period of time when certain people either executives employees or both are prohibited from buying or selling shares in their company or making.