Yes, you can buy multiple life insurance policies.

When you apply for a life insurance policy the application will ask if you own other life insurance, if so, how many life insurance policies and how much total life insurance coverage do you already own?

The insurance company asks to determine if you are over-insured.

They don't want there to be an incentive for you to take your own life in the future. However, life insurance policies usually have a suicide exclusion of 1 or 20 years, depending...
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