Can You Have Multiple Life Insurance Plans?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Yes, you can have multiple life insurance plans. In fact, if you have some short term needs (such as getting your children through college) and some long term needs (such as funeral expenses), having a combination of Term and Permanent policies may be most comprehensive and cost effective. The only limit to life insurance is that you financially qualify for the amount of coverage you own. There is no limit to the number of life insurance policies you can have.
    Answered on May 14, 2013
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