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As long as you can pay the premium, there is no limit to how many life insurance policies you may own. If purchasing multiple policies, remember to keep a master copy of all the information in a safe place so when you pass away your family will know exactly where to find the policies.Source
There is no limit on the number of life insurance policies you can have as long as you pay the rates. Insurance companies will still want to know if you have other policies when you apply for a new one. They might think that you are trying to scam them in some way when they will hear that you have multiple policies.Motorcycle Insurance
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by Ellis on August 1st, 2010
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Is life insurance real...? I mean, do companies really pay out if someone has a policy and dies, or is it a load of poo?
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