Mortgage Protection Needs Worksheet
Organize the housing, income, family, and existing-resource numbers that shape a practical survivor-protection conversation.
Build the estimate from the household gap.
A mortgage balance is useful, but survivors may also face property taxes, insurance, maintenance, lost income, childcare, other debts, and transition costs. Existing life insurance and dedicated savings reduce the gap.
Use multiple scenarios
Run the worksheet once for a full mortgage payoff and again for a payment cushion or partial payoff. The right planning conversation may depend on whether survivors expect to keep, refinance, downsize, or sell the home.
Keep estimates and quotes separate
This tool does not calculate premiums or predict underwriting. If you request a quote, compare the same benefit, term, and policy structure across available insurers.
Worksheet FAQs
Is this worksheet an insurance recommendation?
No. It organizes information and produces an educational gap estimate. It does not determine suitability, eligibility, policy availability, or price.
Should I enter my entire mortgage balance?
Use the amount that fits the survivor plan. Some households model a full payoff; others model a payment cushion, partial payoff, sale, or downsizing.
Which savings should I subtract?
Count only resources intended for survivor needs and reasonably available when needed. Avoid counting retirement or emergency assets twice.
How often should I update the worksheet?
Review it after a move, refinance, major principal payment, marriage, divorce, birth, job change, benefit change, or substantial change in savings.
Ready to compare coverage around the gap?
Tell us what matters. A licensed professional can help you understand available options.