Yes, one person can own two or more life insurance policies.

Many people buy several life insurance policies because different types of life insurance products best meet different types of insurance needs, or simply because they want to diversify the insurance companies with whom their life insurance is with.

Life Insurance companies don't mind how many life insurance policies you own, as long as you can qualify for them financially.

That means, if you earn enough income to qualify for the amount of life insurance you want, you may buy the life insurance policy. Usually, they will offer up to 20 times your income in life insurance coverage.

Since your needs may change for life insurance throughout your life, insurers will allow you to own more than one life insurance policy. For instance, as you get older you take on more responsibility, start a family, buy a home and your need for more life insurance may increase over time.

Learn more about how you can have more than one life insurance policy.