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-insured, since life insurance does pay out for suicide after you are insured for two years, one year in some states like Colorado.
But, life insurance companies usually allow a person to buy up to 20 ties their annual income in life insurance, so, if you make $100,000 per year, you may be able to purchase up to $2,000,000 or more of life insurance spread out over several life insurance policies.
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How many life insurance policies can you have?
