Life Assurance.

GHewitt

I have mortgage decreasing life insurance to cover the cost of the mortgage if I died. I also have another term self assurance policy which is not decreasing term (although I did ask for it) which is to cover my childrens school fees if I should die. I have been advised that only one policy would be paid out if I die. Is this true?

lisyloo

I don't think it's true.
You can have as many life assurance policies as you want.

Who told you this?
What were their qualifications?
Where did they get the information from?

If in doubt the read the policies but I don't think there is any restriction.

dunstonh

its not true. There is no restriction on quantity of policies.