Can You Have Multiple Life Insurance Plans? 
Yes , you can have multiple life insurance plans . In fact , if you have some short term needs -LRB- such as getting your children through college -RRB- and some long term needs -LRB- such as funeral expenses -RRB- , having a combination of Term and Permanent policies may be most comprehensive and cost effective . The only limit to life insurance is that you financially qualify for the amount of coverage you own . There is no limit to the number of life insurance policies you can have . 