A liberalization clause in insurance adjusts your policy as laws change, ensuring continued compliance without extra cost.

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Investopedia / Yurle Villegas A cancellation provision clause allows an insurer to cancel a ...

[This is part 6 of a 9-part series. For a full overview of topics, see the Life Insurance Basics page.] A life insurance policy is a legal document, and as such it can be somewhat intimidating.