Life insurance is an effective way to ensure that you could continuously care for your loved ones even after you’re gone. If you are wondering how many life insurance policies you can have, the answer is unlimited. You can purchase as many life insurance as you want as long as you can pay for the premiums. When applying for an insurance policy, you will be asked to list any other policies that you have. This is to determine if there is a huge chance that you can pay for the premiums based on your income. If you can pay for all of them, then you should not have any problems having multiple life insurance.
Since the 1980s, there has been an explosion of investment instruments which have come out on the market. One result of this is that people started investing more with these instruments, and less on life insurance. In addition, people were buying term insurance in order to save money on insurance coverage, at the same time the savings was allocated for investments. At that time the most investment that a person could get from an insurance would be if he bought a pension plan or a hybrid participating insurance with a dedicated portion of premiums invested in a trust fund. These newer type of insurance were more expensive than the regular life insurance on offer and were harder to sell.