1. Ted RatliffPRO
    Owner, SeniorCare Financial Services Northeast Ohio,
    You can have as many as you want or can afford as long as the total amount of inurance is deemed reasonable by the issueing companies.  A single person making $15,000 a year may have a heard time convincing the insurance company he has a need or can afford $10,000,000 in life insurance.  Otherwise there are no rules governing how many policies you can have
    Answered on April 29, 2013
  2. Jerry Vanderzanden, CLU, ChFCPRO
    Co-Founder, Coastal Financial Partners Group, California
    There is no limit on the number of policies that one may have on one's life. However, there is a limit on the total amount of coverage (death benefit) on one's life. Depending on insurer, for insureds under 40 it can be up to 25 times one's earned income. The multiple is less at older ages.
    Answered on April 29, 2013
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