There is usually no limit to the number of life insurance policies you can own.
Life Insurance Companies are concerned about the total amount of life insurance coverage "In Force" for an individual person, or the total amount applied for by that person.
There is a built in fee for each life insurance policy due to the cost of processing the application and paying for any medical exam, if required, etc. So, it may be a good idea to increase your amount of life insurance on an existing policy, if possible.
However, by comparing rates amount multiple insurers you may save money on any new life insurance policies you purchase in the future.
Life insurance companies understand that your life insurance needs may change over time as your responsibilities grow, and they do allow people to purchase more than one life insurance policy.
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