Can I Have Two Life Insurance Policies?
- 1492 POINTSview profileJeff DavisInsurance Advisor, Lordship Insurance Services, CaliforniaYes. You may elect to have 2 different types of policies (maybe a term policy for the high death benefit and a whole policy for the cash value). Some people purchase a combination of policies in order to get the type of coverage they are looking for. The insurance application typically wants you to disclose your ownership of a policy if you have one at the time you are applying for your second one.Answered on October 6, 2013flag this answer
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