Can You Have Multiple Life Insurance Policies?

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Life insurance does not seem like the sort of product anyone would purchase in bulk. After all, if you have an insurance policy that will pay out a death benefit to your beneficiaries in the event of your passing, why would you need more than one? However, carrying multiple life insurance policies is permitted by the insurance industry, and there are strategic reasons why you might choose to have more than one policy in place.

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Original Article Source Credits: The Balance ,  

Article Written By:  Emily Guy Birken

Original Article Posted on:  February 03, 2021

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