When most people think about a life insurance benefit they automatically associate it with death. Disability, however is unpredictable and can happen to anyone, at any age. According to the Social Security Administration, 1-in-5 people in America live with a disability. Tragically, everyday thousands of people, young and old are seriously injured, often as a result of traumatic events. A mortgage disability plan will pay out a monthly payment for your mortgage or other bills should you become disabled and are unable to work.