Yes, you may be able to own 2 or more life insurance policies.

It depends on your need, your budget, and the total amount of life insurance you already own.

Each life insurance company will review your situation and determine if you are over-insured or not.

However, it's more a case of total insurance being the important variable, not the number of life insurance policies you own, when it comes to getting approved for a second policy.

Insurers understand your need for life insurance may increase ...

Continue reading ...

The number of life insurance policies you have will depend on how much life insurance you need and how many life insurance policies insurers may allow you to purchase.

Yes, you can own two or more life insurance policies.

Since your life insurance needs may change throughout your life, insurers will allow you to own more than one life insurance policy.

However, they ask about the amount of life insurance you already own when you apply for life insurance. They want to make sure you aren't over-in...
Continue reading ...