Agent Explains, Why YOU would need more than ONE Life Insurance Policy

Описание: In this video, a Life Insurance Agent Explains, Why YOU would need more than ONE Life Insurance Policy
so you can better understand your life insurance options.

This channel was created to provide viewers with content that will help them better understand life insurance. As a licensed Life Insurance Agent, I will go over the most important, essential facts and topics in these videos.

Is it OK to have 2 life insurance policies? How many life insurances can you have?
How much life insurance should a person have? Can You Have Multiple Life Insurance Policies? Owning more than one life insurance policy

Hello my fellow insurables I'm Kelli
with Arrow Final Expense and
sometimes sometimes my clients ask me is
it possible to have more than one life
insurance policy and the answer to that
is yes of course there's no law
prohibiting you from having more than
one policy so you may be wondering why
would somebody have more than one life
insurance policy there is no simple
answer in this video we'll go over not
only why somebody would want more than
one life insurance policy but also how
many life insurance policies a person
can have and by the end of the video
you'll have a much better understanding
in some cases you may have life
insurance through your employer but if
you were to lose your job or retire you
may no longer have that coverage
available to you this is one of the
reasons so many people that do have life
insurance through their employer end up
purchasing additional life insurance on
their own another reason you may have
more than one life insurance policy is
that you simply need additional coverage
perhaps you purchase life insurance when
you were younger and kept it because the
premiums were so affordable but as you
have grown older things have changed in
your life and you just need a little
extra coverage another possibility as
your life progresses is that you
purchase term insurance which is
temporary to cover the essentials and
replace income if you were to pass away
prematurely while also having whole life
insurance which is permanent and builds
cash value with the purpose of using it
to plan your retirement another
situation is when a business owner has a
policy that covers the company and an
additional policy that will cover and
provide for their family some people get
a policy just to leave an inheritance or
an endowment to someone specific while
also having additional life insurance in
place you like many of my clients may
already have life insurance in place and
choose to buy another policy with the
sole purpose to provide a benefit
for your loved ones so that when you do
pass away it can cover your final
expenses, this means things like your funeral
burial cremation costs a headstone
things of that manner so these are just
some of the reasons that you may need
more than one life insurance policy but
ultimately it really comes down to your
personal needs and your financial goals
so here we are there is no limit to the
number of life insurance policies that
one person can buy instead insurers will
look at the total amount of coverage
that you do have which shouldn't exceed
this is done just to make sure that
you're not worth more dead than you are
alive so as always you know just make
sure that you can comfortably afford
your premiums because if your policies
do lapse it really defeats the whole
purpose of why you have life insurance
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time