Can I Have More Than One Life Insurance Policy at Life

Can I Have More Than One Life Insurance Policy. Can you claim two or more life insurance policies? Often, it’s better to have a single policy that meets all your needs.

Can the same person have more than one life insurance policy? Yes, you can have more than one life insurance policy. It might sound strange to have more than one life insurance policy, but it’s quite common.

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Laddering more than one insurance policy is a way to dial back your coverage over time and save money on premium payments. As long as the claim is valid the life insurance company will honor it. Many people receive life insurance as a benefit of employment and chose to supplement that with one or more individual life insurance policies. In fact, naming several beneficiaries in your life insurance policy is a very common practice.