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Individuals in Canada can have more than one life insurance policy. Employees can participate in group plans at reduced rates through an employer, and some group policies extend supplemental insurance. Individuals can have insurance policies within the private sector in addition to employee group policies. Private sector insurers may offer supplemental policies to existing policies. Individuals can also take out multiple policies with different private sector insurance companies.
Source:
LSM Insurance: Multiple Insurance Policies
Life Insurance Underwriting: Life Insurance Underwriting Guide
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