Can I have multiple life insurance policies?

Yes, you can own multiple life insurance policies from different insurers simultaneously. This is actually a common strategy — you might have employer-provided group life, a personal term policy, and a whole life policy. Insurers may ask about existing coverage and may limit total coverage to a multiple of your income (typically 20–30x), but there is no rule against holding multiple policies. Stacking policies can help match coverage to changing financial needs at different life stages.