Can I Have Multiple Life Insurance Policies? 
Yes - the total face amount of coverage is what carriers are looking at . You can technically have as many policies as you want - this is commonly referred to as stacking policies . Insurance companies have guidelines for the total amount of coverage they will approve for someone though - generally about 20x income . Some companies may allow up to 25x or 30x income . It 's commonly seen when someone wants to create a combination of benefits or they ` relookingtosecure more coverage than the maximum face amount available under a single plan -LRB- generally seen with non-medical term insurance or final expense coverage -RRB- . If you 're applying for fully underwritten coverage -LRB- taking an exam -RRB- , you can secure a substantially higher amount of coverage under a single policy -LRB- up to the maximum allowed for your income per the company 's guidelines -RRB- . 