New answer on: How Many Life Insurance Policies Can I Have?

By: Larry Gilmore

Larry Gilmore — Fri, 07 Jun 2013 23:45:10 +0000

How many insurance policies can you have? You can have as many as insurance companies will sell you. While first thought is unlimited for most, actually insurance companies check and see how much insurance you have in place, how much you're applying for with them and other companies and make a decision based on what they find. It is not an unlimited option.

By: Neil Steinman

Neil Steinman — Fri, 07 Jun 2013 17:37:58 +0000

You can have as many policies as you wish. It's not a question of how many policies you have, it's a question of how much total coverage you have based on your financials. In other words, a carrier would probably not issue another policy for additional coverage to someone that already has an appropriate amount of coverage based on their net worth and income.