Because it is unlikely that everything can be covered when the initial plan is drafted, the parents can agree to
meet at certain intervals to review the plan and determine if changes are necessary.
Not exact matches
In other words, the plan is meant for individuals who require money
at certain intervals in their lifetime to
meet fixed long and short - term financial needs (buying a house or car, vacations abroad).
The initial illustration assumes that clients will fund the policy
at certain intervals and with a
certain sized premium, and if clients fail to
meet these expectations the policy will not often perform as well as they anticipate.
Disability: If an employee
meets with an accident causing a disability due to which he / she is unable to work, a group personal accident policy pays a fixed sum to the employee
at regular
intervals for a
certain period.