Can you take out more than one life insurance policy for yourself?

Yes, you can take out more than one life insurance policy on yourself.

Some life insurance companies that sell the easy issue type of life insurance policies may restrict the total dollar amount of life insurance coverage that you can buy. Other than that, if you are taking out regular life insurance policies (the kind that you give a physical exam, blood test, and check your medical records) you should be fine.

Many times individuals may have multiple life insurance policies with the same company as one may be a term life policy and the other a permanent life policy, or you may have two term policies with different term lengths to meet your life insurance needs for your family.

Learn more about how many life insurance policies you can own