Can I Have 2 Critical Illness Insurance Policies?

Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

Can I Have 2 Critical Illness Insurance Policies?

Yes, you can have multiple critical illness insurance policies.

Here’s a breakdown of key considerations:


  • Increased Coverage: More policies mean higher combined coverage, offering better financial protection.
  • Diverse Benefits: Different policies may cover varied illnesses or offer unique benefits.
  • Claim from Multiple Policies: You can claim from all policies if diagnosed with a covered illness.


  • Higher Premiums: Multiple policies increase your total premium cost.
  • Complexity in Management: Managing multiple policies can be more complicated.
  • Underwriting Requirements: Each policy may require separate medical underwriting, which can be time-consuming and invasive.

Things to Consider

  • Policy Terms: Ensure the illnesses covered don’t overlap excessively.
  • Affordability: Balance the coverage with your budget.
  • Disclosure: Inform each insurer about other existing CI policies, as non-disclosure can affect claims.


Having multiple CI policies can enhance your financial safety net but also increase your financial commitments. Weigh the advantages against the costs and complexities. For personalized advice and a tailored solution that fits your needs, contact us today for a free quote.

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Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

Shawn Plummer is a Chartered Retirement Planning Counselor, insurance agent, and annuity broker with over 14 years of first-hand experience with annuities and insurance. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

The Annuity Expert is an independent online insurance agency servicing consumers across the United States. The goal is to help you take the guesswork out of retirement planning and find the best insurance coverage at the cheapest rates

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