Friday, July 31, 2009

Can a Person Have 2 or More Life Insurance Policies?

Can a person own two or more life insurance policies?

Yes, you can have 2 or more life insurance policies.

For instance, you may have life insurance through your employer, and own a separate individual life insurance policy.

Or, you may have 2 policies with different life insurance companies.

Or, you may own two different types of life insurance policies, such as, whole life and term life insurance.

It is common for people to own 2 or more life insurance policies.

Although, depending on the type of life insurance, it may be more cost effective to own just one life insurance policy.

In fact, if you have owned term life insurance for 3 or more years, you may find the rates for a new policy to be lower than you are paying right now for your coverage.

Here's how you can request free, instant term life insurance quotes from over 70 top-rated life insurers for savings up to 75%.

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