Can a person hold two life insurance policies with the same company?

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Asked July 6, 2010

1 Answer


Yes, in many cases, a person can hold two life insurance policies with the same insurance company. Holding multiple policies with the same company is known as "stacking" or "layering" coverage. There are a few reasons why someone might choose to hold multiple life insurance policies with the same company. One reason is to increase their coverage amount. For example, if the person's existing policy doesn't provide enough coverage to meet their needs, they could purchase an additional policy to supplement their existing coverage. Another reason to hold multiple policies with the same company is to take advantage of different policy features. For example, one policy might provide term life insurance coverage, while the other policy might provide permanent life insurance coverage. By holding both policies, the person can get the benefits of each type of coverage. It's important to note that insurance companies may have different rules regarding how much coverage a person can have with their company. Some companies may have a maximum coverage amount that a person can hold, while others may allow unlimited coverage. It's also important to consider the cost of multiple policies, as holding multiple policies will likely result in higher premium payments. In summary, it is generally possible for a person to hold two or more life insurance policies with the same company. However, it's important to consider the potential cost and coverage limitations before purchasing multiple policies.

Answered July 6, 2010 by Anonymous

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