In the life insurance planning process, What is considered the "blackout period"?
1) A period of time when the policyholder is not covered by any life insurance policy
2) A period of time when the policyholder is covered by multiple life insurance policies
3) A period of time when the policyholder is unable to make changes to their life insurance policy
4) A period of time when the policyholder is required to pay higher premiums for their life insurance policy