Can I Have Multiple Term Life Insurance Policies? 
Yes , you definitely can . I have clients who have 8 different life policies . They add them as their incomes increase . The only limit on the number of life insurance policies you may have , and that includes term life policies , is what your current income , assets and net worth may responsibly need . For example , if you earn $ 50,000 a year , you are not likely to be able to get a total of $ 10,000,000 in life policies . The carriers do not want to encourage people to commit suicide in order to bring unreasonable wealth to their families . However , you can ensure that your family has all the assets it needs to survive well after your death . Suicide , by the way , voids most policies IF it is done within 2 years of application . Thank you . GARY LANE . 