Absolutely, you can own more than one insurance policy—it’s not just allowed; it can be a savvy move. Think of it like having multiple tools in your toolbox or even outfits in your wardrobe: one policy might fit a specific situation, but having a variety ensures you’re ready for anything.

Bundling insurance policies is like ordering a combo at your favorite restaurant. Sure, you could just get the burger (or a single policy), but when you add the fries and drink (another policy or two), you’ve got the full meal deal. For instance, you might have a term life insurance policy to cover your mortgage and kids’ education while they’re young, plus a whole life policy for long-term financial planning and leaving a legacy.

Each policy serves a different purpose, and together, they complement each other beautifully.

Don’t worry-owning multiple policies doesn’t make you greedy. It just makes you practical, like someone who has both a winter coat and a rain jacket because, hey, you live in Canada, and you need options! Just be sure your coverage aligns with your goals, and remember that policies are there to serve you, not the other way around.