What Is Mortgage Life And Disability Insurance?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Mortgage Life and Disability Insurance pays the lender monthly mortgage payments during a time of disability on the part of the person who is paying off the mortgage. The payments end when the insured person is no longer disabled. It pays the remainder of the mortgage to the lender if the person purchasing the home should die.
    Answered on September 3, 2013
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