2007-01-16 07:04:01 · 3 answers · asked by Anonymous in Pregnancy & Parenting ➔ Other - Pregnancy & Parenting
Theoretically, you can have as many life insurance policies as you want or can afford. However, insurance companies have people called underwriters, who look at applications for insurance with a close eye. You will be asked if you have other policies in effect, and if you do, you must answer yes (if you lie, they don't have to pay out on the policy if they claim fraud).
If I'm an underwriter and I saw an application from someone who had many other policies, I'd be a little nervous about approving the policy. I'd ask why did you not just increase the face amount of the policy with your initial company.
Also, if I found out that someone had taken out a ton of policies on *me,* I'd be really nervous (worth more dead than alive).
2007-01-18 09:56:26 · answer #1 · answered by winefp2000 3 · 0⤊ 0⤋
As many as you want
2007-01-16 07:17:00 · answer #2 · answered by mary3127 5 · 0⤊ 0⤋
As many as you can afford.
2007-01-16 07:14:52 · answer #3 · answered by Beau R 7 · 0⤊ 0⤋