What is a key feature of the Payment Plan wizard regarding policy changes?

The Payment Plan wizard is designed to facilitate flexible management of payment plans, particularly in the context of policy changes. One of its key features is the ability to create overrides. This function is important because it allows users to modify existing payment arrangements as needed to accommodate changes in a policy, such as adjustments in coverage, premium amounts, or payment schedules.

By enabling overrides, the Payment Plan wizard enhances its usability in dynamic billing environments where policies frequently change. This feature ensures that customers can maintain their payment plans without needing to start from scratch every time a policy change occurs, ultimately providing a smoother experience for both the billing personnel and the policyholders.

The other options suggest restrictions or functionalities that do not align with the robust capabilities of the Payment Plan wizard. For instance, preventing overrides or only allowing adjustments would limit management capabilities in response to policy changes, which is contrary to the wizard's intent to streamline billing processes. Not handling policy changes at all would also undermine the need for flexibility, which is central to efficient billing practices.