What is a modification clause in a life insurance policy?

A modification clause in a life insurance policy refers to a provision that stipulates that any changes or amendments to the policy must be made in writing and typically require the insurer's approval. This ensures that both the policyholder and the insurance company have a clear, documented understanding of any alterations that may affect the terms of the policy. This kind of procedure helps maintain the integrity of the policy and protects both parties by preventing unauthorized changes that could lead to disputes later on. The written requirement serves as a safeguard, ensuring that both the insurer and the insured have agreed to any adjustments formally and transparently.