Yes, it is possible for an individual to have multiple life insurance policies. Having multiple life insurance policies can be beneficial for various reasons, such as increasing coverage, diversifying benefits, and ensuring financial security for different aspects of one's life. However, when applying for multiple policies, it's important to disclose existing coverage to the insurance companies to avoid potential issues during the claims process. Additionally, the total coverage amount across all policies should align with the individual's financial situation and insurability. It's advisable to work with a knowledgeable insurance agent or financial advisor to assess the need for and manage multiple life insurance policies effectively. In summary, it is permissible for a person to hold more than one life insurance policy, but careful consideration and transparency are essential to ensure the policies serve their intended purpose.