Can I Have Multiple Life Insurance Policies?

by | Dec 22, 2021 | Life Insurance

If something were to happen to you, would the financial future of those you care about the most be protected? That is where having life insurance with Thomson, Smith, & Leach comes into play if you are seeking life insurance in Lafayette, LA.

Learn more about the different types of life insurance

Choosing policies that provide you with peace of mind with coverage for burial costs, probate, other estate administrative costs, debts, and medical expenses not covered by health insurance are just a few of the offerings life insurance has for you.

Multiple Life Insurance Policies

If you are curious about choosing more than one life insurance policy, know that you absolutely can. The benefit of you choosing more than one policy is maximum coverage. You may have life insurance through your employer, that isn’t enough for you and your needs. Add a policy to that one.

If you have additions to your family and household, you will want to add your life insurance coverage. Check out our blog post on things to consider before getting life insurance for your little ones.

Planning for retirement, building wealth, and ensuring coverage despite medical issues you may have, are all reasons to add a policy or expand your life insurance coverage. Thomson Smith & Leach is your go-to life insurance agent in Lafayette, LA, to help you along the way of choosing each coverage plan that best suits your needs now and those in the future.

Fraud Alert!

Avoid applying for multiple life insurance policies at once. Doing so can appear to be a red flag and fraud to other life insurance companies, as it will appear you are asking for more coverage than you may even qualify for.

Go through the full application process of one policy at a time. Working with a trusted team member at Thomson Smith & Leach will take you on the path to coverage without fraud alerts.

Bundle Up!

Choosing just one provider for multiple life insurance policies may save you more money than choosing multiple policies with different providers.

How Many is Too Many?

There is no legal limit to how many life insurance policies you can have. However, we highly recommend talking to a trusted team member at Thomson Smith & Leach about your current policy and coverage and what you are looking to add or take away based on your changing situation before jumping to adding another policy.

Life Insurance Providers

Thomson Smith & Leach offer life insurance coverage from multiple providers. Here are some of the providers that they work with to offer you policies through:

  • AIG Private Client
  • Allied Trust
  • Allstate Insurance Company
  • ASI Preferred Insurance Group
  • Chubb
  • Hanover Insurance Company
  • Met Life
  • National General
  • Progressive
  • Safeco
  • Southern Fidelity
  • The Republic Group/ Am Trust
  • UPC Insurance
  • Sage Sure Insurance Managers

Group Plans Coverage

If you are an employer looking to provide life insurance to your employees, Thomson Smith & Leach can assist you with exploring all of the options for coverage that best fits your business’ budget and needs.

Lafayette’s Life Insurance Company

If you are looking to start a life insurance policy or add more coverage to your current policy, the trusted team at Thomson, Smith, & Leach are here to help you with these big, life decisions. We are a family-owned business with over 50 years of experience providing life insurance in Lafayette, LA.

Our independent agent offers a complimentary consultation via telephone or in-person at our conveniently located office in Lafayette to discuss acquiring a life insurance policy or policies to protect you and your loved ones.

Schedule an appointment with us today via our website, a quick phone call, or by stopping into our office located at 210 Rue Fontaine Lafayette, LA, 70508.

It is that simple to have life insurance coverage for almost all situations with the guidance and assistance from Thomson Smith & Leach!