answersLogoWhite

0


Best Answer

yes you can. Some companies that sell the easy issue kind of policies may restrict the total dollar amount that you can buy. Other than that, if you are taking out regular life policies (the kind that you give blood, medical reports, etc) you should be fine.

There is no limit to the number of life insurance policies you can take out on yourself. However, life insurance is not a means of investment. You should consider the purpose of the death benefits. Once the purpose is fulfilled your money may be put to use more wisely in safe investments.

User Avatar

Wiki User

βˆ™ 2015-07-15 18:27:19
This answer is:
User Avatar
Study guides

Nutrition

21 cards

If you were laid off and apply for insurance coverage on your wife's group policy do you have to answer a medical questionnaire

How many grams of cholesterol should you eat each day to maintain a healthy diet

What would cause a fluttering inside the ear canal

Why is beef fat a solid at room temperature

➑️
See all cards
4.42
β˜†β˜…β˜†β˜…β˜†β˜…β˜†β˜…β˜†β˜…
12 Reviews

Add your answer:

Earn +20 pts
Q: Can you take out more than one life insurance policy for yourself?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Can you have more than 1 life insurance policy?

There is no bar in having more than one life insurance policy. The policies may varie from endowment, whole life or unit linked insurance policy as per your choice and requirement.


What is the average return of premium life insurance?

Return-of-premium life insurance is like an ordinary life insurance policy, but payments made on premiums are returned to the insured individual if the policy ends and they are still alive. Thus, return-of-premium life insurance policies do not punish one for outliving their life insurance. The average such policy might cost 25% to 50% more in premiums, compared to an ordinary life insurance policy.


Where can one find more information regarding a Gerber Life Insurance policy?

One can find more information regarding a Gerber Life insurance policy from many different places. The best place to find more information on this policy is from the official Gerber Life website.


How does a family term life insurance policy differ from an individual policy?

A family life insurance policy differs from an individual insurance policy by the amount of persons included in the policy. The family option includes a (marriage) partner and probably one or more children. There might also be the option to include pets into the policy depending on the insurance company.


Where can someone get a premium life insurance policy?

The places to get a premium life insurance policy are many. Among some of the more popular choices are: LV, Post Office, Sun Life, Aviva, Scottish Widows and many more.


What is a whole life insurance product?

A whole life insurance product is life insurance policy that lasts for the entire lifespan of the individual under the policy. New York Life and Mass Mutual are two popular companies that offer whole life insurance products. Check out their websites for more information.


Can you have a husband and a child as a beneficiary on a life insurance policy?

Yes, all life insurance companies allow the policy owner to name more than one beneficiary at any time.


Where can one find more information on a term life insurance policy?

One can find much more information on a term life insurance policy on various websites such as Wikipedia, Prudential, Statefarm, Smartmoney, and Liberty Mutual.


Where can one read more on the endowment life insurance policy?

Endowment life insurance policies combine term life insurance with a savings program. Typically, an investment information website would have good information on this type of policy. Yahoo Finance also has articles regarding this type of policy.


Who recieves the benefits or money from a life insurance policy upon the death of the insured?

The person, company or trust that is specified under "Beneficiaries" section in the insurance policy will receive the life insurance benefits. If the beneficiaries are more than one, the benefit is split according to policy details, or policy schedule pages.


When is your life insurance fully paid?

A life insurance policy becomes "fully paid up" when the company tells you no more premium payments are due.


Are monthly payments more for a 20 year term life insurance policy from Mutual of Omaha more than for a 10 year policy?

Yes, monthly payments are more for a 20 year term life insurance policy than for a 10 year policy. This is usually the case for all forms of insurance since the insurance company is in effect taking on more risk by insuring you for a longer period of time when injury and health problems could arise.

People also asked