How Many Life Insurance Policies Can A Person Have? 
There is no limit on how many life insurance policies someone can have , as long as the sum of all the face amounts is within what can be justified financially . When you apply for a new policy , the insurance company will ask what existing coverage you have , as well as if you plan to replace any of your current policies . That is partly so they can determine your sum total of life insurance . On average , most people can get about 20 times their annual income in life insurance , but it can be far more or far less depending on age , net worth , and other factors . 