It’s important to align your life insurance coverage with your evolving financial responsibilities. One effective way to do this is to buy multiple policies and laddering them.
But is it cost-effective to purchase multiple insurance policies? There are ways through laddering that are not only cost-efficient but will also protect your family throughout your life.
Can You Have Multiple Insurance Policies?
You can have multiple life insurance policies from the same or different companies. But insurers will look at your existing coverage to ensure the policy you’re buying won’t exceed your insurability limit.
Anne Johnson
Author
Anne Johnson was a commercial property and casualty insurance agent for nine years. She was also licensed in health and life insurance. She went on to own an advertising agency, where she worked with businesses. She has been writing about personal finance for 10 years.
