1. 63333 POINTS
    Peggy Mace, Certified Senior Advisor (CSA)®PRO
    CEO, Outlook Life, Inc, Most of the U.S.
    Yes, you can claim on two life insurance policies. A person can have as many life insurance policies as they are financially qualified to have, and their beneficiary can collect on however many life insurance policies that were left for them. Sometimes people take our several types of policies, or with different companies. It does not matter; you can claim on two or more policies.
    Answered on August 21, 2013
  2. 5877 POINTS
    Stan Cox IIPRO
    Insurance Adviser - Broker, SC Insurance Services, Oahu, Hawaii
    It would be pointless to have more than one life insurance policy if the beneficiaries could only claim on one. So yes, as Peggy said above here a beneficiary may file claims on as many policies they are named as beneficiary on. Now if you are the owner of multiple "cash value" policies such as Whole Life or Universal Life and there is cash value accumulated in them, you may also take loans or surrender value from as many as you own and have cash values in.

    Life insurance is a vehicle for benefits. It's kind of like having more than one car or truck. If they're yours you can drive whichever one you want.
    Answered on December 5, 2015
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