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.
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.
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.
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.
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.
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.
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.
Yes, all life insurance companies allow the policy owner to name more than one beneficiary at any time.
One can find much more information on a term life insurance policy on various websites such as Wikipedia, Prudential, Statefarm, Smartmoney, and Liberty Mutual.
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.
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.
A life insurance policy becomes "fully paid up" when the company tells you no more premium payments are due.
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.