Is Mortgage Disability Insurance A Good Idea?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    If you have regular Disability Insurance, you will receive a monthly benefit in the event that you became disabled. This can be used to pay any bills you want it to pay, including, but not restricted to, your mortgage. So Mortgage Disability Insurance is not necessary if you have regular Disability Insurance. Whether it is a good idea depends on your situation.
    Answered on September 3, 2013
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