Mortgage Protection Needs Worksheet
Organize non-housing survivor needs, existing life insurance, and dedicated savings before comparing housing strategies in the calculator.
Organize the household inputs without double-counting housing.
This worksheet keeps recurring support, debts, education or caregiving, final and transition costs, existing life insurance, and dedicated savings in separate rows. It does not calculate a coverage gap. Take the totals to the calculator, where a mortgage payoff and a housing-payment runway remain alternative strategies.
Your entries stay in this browser. The worksheet does not submit these values. With analytics consent, it records only coarse total ranges.
Why housing is handled separately
Paying off the mortgage and reserving money for monthly housing payments solve the same housing obligation in different ways. Adding both can overstate the estimate. The mortgage protection calculator keeps those paths separate and shows the arithmetic for each.
Keep inventory, estimates, and quotes separate
This worksheet does not calculate premiums, predict underwriting, recommend a policy, or decide whether existing coverage is sufficient. Its only job is to organize inputs for a later educational comparison.
Worksheet FAQs
Does this worksheet calculate how much insurance I need?
No. It organizes non-housing needs and existing resources without subtracting them or recommending a coverage amount. Use the separate calculator to compare alternative housing strategies and estimate a gap.
Where do I enter the mortgage payoff or monthly payment?
Enter housing amounts only in the mortgage protection calculator. Keeping them out of this inventory prevents a payoff and payment runway from being added together.
Which savings should I list?
List only resources intended for survivor needs and reasonably available when needed. Avoid counting unavailable assets or the same resource twice.
Why are the fields blank?
Generic defaults can look like a recommendation and may not fit your household. Enter only amounts and timeframes you choose.
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.
Use your inventory in the three-scenario calculator.
Compare a mortgage payoff, a housing-payment runway, or household support without housing. The calculator keeps overlapping strategies separate.