2007-07-02 09:32:29 · 9 answers · asked by mixedkid_1977 1 in Business & Finance ➔ Insurance
Yes, but if the sum assured is too high the insurance company may ask you to fill up "Large Amount Questionaire" form to make sure
1) you can afford the premium
2) valid reason for you to have such a high amount
According to LIMRA, the minimum sum assured should cover at least 60 months of your income
2007-07-02 15:15:36 · answer #1 · answered by Insurance 3 · 0⤊ 0⤋
Yes, however there is an industry 'rule' that you can only have 20 times your income in death benifit unless you can document a need for more.
2007-07-02 10:02:43 · answer #2 · answered by PJ 5 · 1⤊ 0⤋
Yes.
2007-07-02 10:19:30 · answer #3 · answered by Anonymous 7 · 0⤊ 0⤋
yes, sometimes though when you apply for another policy they ask you if you already have insurance and if so how much
2007-07-02 10:46:45 · answer #4 · answered by chicana06815 2 · 0⤊ 0⤋
yes
2007-07-02 09:40:25 · answer #5 · answered by Francine M 4 · 0⤊ 0⤋
Yes. They will sell you as many as you want.
2007-07-02 09:48:38 · answer #6 · answered by Phil 5 · 0⤊ 1⤋
Sure - you can have all you can afford, if you want.
2007-07-02 09:35:15 · answer #7 · answered by Ralfcoder 7 · 1⤊ 0⤋
You sure can
2007-07-02 12:41:53 · answer #8 · answered by DFK 3 · 0⤊ 0⤋
ya,if u can afford it ,it not that cheap
2007-07-02 14:16:12 · answer #9 · answered by Ian 2 · 0⤊ 0⤋