Can I have more than one life insurance policy at the same time?

Yes — you can own multiple life insurance policies at once, and many people sensibly do. There's no law limiting how many you can hold; insurers only care that your total coverage is reasonable relative to your income and net worth, since they don't want anyone worth more dead than alive. Owning several policies is the basis of laddering, where you stack different term lengths so coverage steps down as obligations shrink. You might also pair an individual term policy with employer group coverage, or hold one policy from before marriage and add another after kids. When you apply for a new policy, you'll be asked to disclose existing coverage, and the insurer evaluates the total. The main downside is just keeping track of multiple premiums and beneficiary forms. Combine and size your total at wealthserene.com/tools/insurance-calculator.