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Accident Sickness RedundancyPosted on January 11, 2010. Is there a legal limit ....? ...... For the number of insurance policies that you can withdraw?? I just take a second policy to insure against accidents, sickness and redundancy and I am now because I can not legally have more than one policy being implemented at some point. I know I should have checked before I took the policy .....!! You can have a number of life insurance policies. The Financial Ombudsman says that many people claim when they are more confident. "Often, people do not realize until they make a request they have paid for a policy that provides very little - if any advantage -". There is no legal limit. However, look at the fine print of the policy. Some policies will not pay if you have another policy that covers the same risk. This means that the second is a waste of money. Although in theory they will pay, if they require evidence of illness as a note, you can send it to one of them so that you can not apply anyway. In theory, you can have as much assurance as you can afford, but according to previous responses, see the fine print first. However, even with this reservation, I do not think you will not have a problem. Just keep premiums up to date. Pay attention should improve your credit rating, and you will take a value in steaks marriage. Just look for the bunny boilers or gigolos While you can pay the premiums, there is no problem. I have a little life insurance policy on me. A part of my work, a work by my wife, and a couple of private ones to help cover additional expenses and bills if something happened to me. I think you can have as many policies as you want until you can pay for them. No, just keep premiums paid. CommentsThere are no comments.Leave a Comment |