Should I Get Mortgage Disability Insurance?

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November 26, 2014

Tim Wilhoit

I am not a big proponent of mortgage disability insurance. It is just too limiting. The only reason to purchase mortgage disability insurance would be a guaranteed issue policy because you are uninsurable. Otherwise just purchase short and/or long term disability insurance and use the proceeds however you want. Benefits can be used to pay mortgage, medical, utilities or anything you choose. The cost is not much different for the same waiting periods and benefits.

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