Yes, it is possible for a person to have multiple life insurance policies. There are no restrictions on the number of policies an individual can hold. Having multiple policies can provide additional coverage and financial protection. However, it's important to note that when applying for multiple policies, the insurance companies may require the applicant to disclose any existing policies they already have. This is to ensure that the total coverage amount does not exceed the individual's insurable interest. Additionally, the premiums for each policy will be based on the individual's age, health, and other factors. It's advisable to carefully consider the coverage needs and affordability before obtaining multiple policies. Consulting with a licensed insurance professional can help in understanding the specific terms and conditions of each policy and how they may interact with each other.