Life Insurance Basics
Can you have multiple life insurance policies?
Yes, you can have multiple life insurance policies. Many people have a combination of term and permanent life insurance, or multiple term policies with different expiration dates. Insurance companies may ask about existing coverage when you apply for a new policy to ensure you are not over-insured.
Key Points
- Yes, you can have multiple life insurance policies
- Common combination: term + permanent life insurance
- Multiple term policies with different expiration dates
- Insurance companies may ask about existing coverage when you apply
- An independent agent can help you structure the right combination of coverage