Walt: Fifty-four percent of Americans age 55 to 64 have mortgage debt today. And for those 75 and older, it’s 24 percent which is up from just six percent in 1989. It is one of the reasons that many of us continue to work into our normal retirement years and need to think about life insurance to protect that income. However, these statistics also bring up another issue. The fact that many of us may die with mortgage debt in place. And we also need to think about life insurance to protect our loved ones from the financial impact of our passing.