Last Updated on April 19, 2021
7. Mortgage Disability Insurance
A Mortgage Disability Insurance is based on a long-term Insurance policy, which would last for years and until retirement. Also named Mortgage payment service protection, it would save money from your Mortgage lender to help you in times of illness or disability. Another benefit of this policy is like other long-term disability policies; it does not require lengthy writing approval. It could be done from a Mortgage lender, broker, agent, or through any method. If you don’t want to risk your mortgage, you should surely give this insurance policy a shot. It can cost you an annual 1 to 3 percent earnings.
