Can I Have Multiple Term Life Insurance Policies? 
Yes , you can have multiple Term Life Insurance policies . Let 's say you purchased a 30 year Term policy of $ 250,000 when you were in your early 20 's . Now you 're in your 30 's , have a spouse and a couple of children , and need more coverage to protect your family . You do not need to give up the excellent rate you have locked in on your current $ 250,000 policy . You can simply add a new policy to it . 