The insurance company will arrange equal and
systematic payments on a regular basis so the entire balance of the account is paid out in five years.
Not exact matches
An income annuity
payment is similar to a
systematic withdrawal plan in that both can provide
payments on a specific schedule.
Defaulting
on such
payments will reduce the consistency that is otherwise associated with the
systematic investment plan and shall make things haphazard for the mutual funds investor.
Conduct a
systematic analysis of companies and their offerings like
payment options, claim settlement ratio, network of hospitals, discounts and freebies offered, before deciding
on the plan.