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Life Insurance

Can I have more than one life insurance policy?

Yes, there's no legal limit on how many life insurance policies you can own, as long as the total coverage amount is reasonable relative to your income and financial needs (insurers do check for this to prevent over-insurance).

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Key details about life insurance

Many people intentionally layer policies — for example, a large term policy for income replacement while working, plus a smaller permanent policy for final expenses later in life.

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An agent can review your existing coverage and help determine whether adding another policy actually fills a gap in your overall plan.

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