A multilayer coil component includes an element body, a coil, and an external terminal. The element body includes a plurality of insulator layers that is laminated. The coil is disposed in the element body. The external terminal includes a plurality of conductor layers that is laminated. The external terminal is electrically connected to the coil. The element body includes a main face and a first side face adjacent to the main face. The external terminal is embedded in the element body in such a way as to be separated from the first side face and exposed from the main face. The external terminal includes a first separated face that is separated from the first side face as being separated from the main face.