At Ranwell Insurance, we believe life insurance decisions shouldn’t be confusing, rushed, or based on guesswork. That’s why we built a complete suite of life insurance calculators designed to help you make confident, informed decisions about protecting your income, your home, and your family’s future.
Instead of offering a single generic estimate, our step-by-step planning center walks you through every major financial protection need — so nothing gets overlooked.
If you’re not sure where to begin, start with Step 1: Calculate Your Income Protection Needs.
From there, follow the guided journey below to build a complete life insurance protection plan tailored to your real-life responsibilities.
Life Insurance Calculators & Local Coverage Planning Guides
Use the pages below to estimate a realistic coverage range, compare term lengths, and understand what typically impacts pricing in Georgia. Each city guide is designed to help you move from “estimate” to “simple plan.”
GA License #: GID276-EN
Why Multiple Calculators Matter
Most people underestimate how much life insurance they truly need because they only consider one factor — like income or mortgage balance. But real financial protection is multi-layered.
You don’t just need coverage for lost income.
You may need protection for:
- Mortgage payoff
- Children’s education
- Final expenses
- Outstanding debts
- Ongoing family living costs
Each calculator below addresses a specific financial responsibility. When used together, they give you a comprehensive and realistic picture of your total coverage needs.
Think of this page as your personal life insurance planning roadmap.
Start Your Step-By-Step Life Insurance Planning Journey
Step 1: Calculate Income Protection
Income Replacement Calculator
Your income is your family’s financial engine. If something happened to you, how many years of income would your family need to maintain their current lifestyle?
Our Income Replacement Calculator helps you estimate how much coverage would be needed to:
- Replace lost wages
- Cover ongoing household expenses
- Support your family during a transition period
- Protect long-term financial stability
Use this calculator first to establish your foundational coverage amount.
Income Replacement Calculator
Estimate how much income your family may need replaced if you were no longer there.
Include major debts?
Mortgage, loans, bills
Suggested Target Range
Reflects your goal plus debts, minus coverage. Upper end adds an inflation buffer.
Educational estimate only. Actual options vary by health and lifestyle.
Step 2: Protect Your Home
Mortgage Protection Calculator
For many families, the mortgage is their largest financial obligation. The Mortgage Protection Calculator estimates how much life insurance would be required to:
- Pay off your remaining mortgage balance
- Prevent your family from losing the home
- Eliminate monthly housing payments
Protecting your home ensures stability during an already difficult time.
Mortgage Protection Calculator
Estimate coverage so your household can keep the home and maintain stability.
Calculator Settings
Post-Payoff Runway
Cover taxes, insurance, & HOA after payoff
Include Carrying Costs
Taxes, Insurance, HOA
Your current credit may be sufficient.
Based on your inputs, the estimated additional need is $0.
Why this range? Includes mortgage payoff plus a 15% buffer for interest/fees. Rounded to the nearest $25k.
Confirm Your Coverage Range
Review your estimate and discuss strategies with an advisor before applying.
Step 3: Secure Your Child’s Education
Child Education Protection Calculator
If you have children, their future education is likely one of your top priorities. The Child Education Protection Calculator helps estimate how much coverage would be needed to:
- Fund future college tuition
- Cover living expenses while attending school
- Preserve educational opportunities
Planning ahead protects your child’s long-term success.
Child Education
Protection Calculator
Estimate life insurance coverage needed for your children’s future education.
Please select the number of children and support level.
Help a Little
Books, laptop, and basic fees.
Help a Lot
Significant contribution to tuition.
Full Support
Complete tuition and housing.
$0 – $0
Suggested life insurance protection amount.
Lock In This Protection
Speak with a licensed specialist to confirm your coverage range and explore affordable terms.
(855) 508-5008Admin Dashboard
Estimates
0
Avg Result
$0
Stored on this device only.
Step 4: Estimate Final Expenses
Final Expense Cost Estimator
Funeral and end-of-life costs can create unexpected financial stress for families. The Final Expense Cost Estimator provides an estimate of:
- Funeral service expenses
- Burial or cremation costs
- Medical or outstanding end-of-life bills
Addressing these costs prevents financial burden during an emotional time.
Final Expense Cost Estimator
A simple tool to help your family prepare for the future.
This cushion covers immediate bills, final utilities, and family travel.
Recommended Planning Range
“Planning now can spare your loved ones from making hard financial choices later.”
Estimate Details
This estimate helps you plan ahead. Final costs depend on provider pricing and service selections at the time of arrangement.
Direct Line: (855) 508-5008
Step 5: Determine Total Coverage
Life Insurance Needs Calculator
Now that you’ve calculated individual responsibilities, the Life Insurance Needs Calculator brings everything together.
It helps you:
- Combine income replacement
- Add debt and mortgage obligations
- Include education and final expenses
- Adjust for savings or existing coverage
This provides a comprehensive estimate of your total recommended coverage.
Error
Life Insurance Needs Calculator
Identify the ideal protection level for your family based on your unique financial profile.
Recommended Coverage Range
$0 – $0
Financial Breakdown
Protection Pillars
- Replace missing household income
- Protect family home & pay off mortgage
- Fund college education for children
- Ensure immediate liquidity for estate costs
Confirm Your Coverage & Next Steps
Review your personalized estimate with a licensed specialist to find the best policy and pricing for your budget.
(855) 508-5008 Talk to a licensed expertFinancial Analysis Tool
Calculations are estimates based on user-provided data and standard actuarial models. This is not a formal insurance quote. Final rates and coverage are determined by insurance carrier underwriting.
Step 6: Find the Right Policy Type
Life Insurance Fit Finder Calculator
Once you understand how much coverage you need, the next step is choosing the right type of policy.
The Life Insurance Fit Finder helps you evaluate:
- Term vs. permanent life insurance
- Short-term vs. long-term protection needs
- Budget flexibility
- Financial goals
This step ensures your coverage structure aligns with your objectives.
Life Insurance Fit Finder
Personalized recommendation using a simplified fit model.
Your primary objective
Coverage Period
Term Life Insurance
Strong protection for the years you need it most
Personalized Insight
You want high-impact protection for a specific period of time while keeping monthly costs manageable.
Confirm Your Coverage Range & Next Steps
Review your estimate, explore term options, and understand pricing expectations before applying.
Pricing varies by age, health, and coverage details.
User ID: —
Step 7: Align With Your Budget
Life Insurance Budget Planner
Even the right coverage amount must fit comfortably within your monthly finances.
The Life Insurance Budget Planner helps you:
- Review your income and expenses
- Determine affordable premium ranges
- Balance protection and financial flexibility
Smart coverage should protect your family — not strain your budget.
Life Insurance Budget Planner
Answer 4 quick questions to see what kind of protection fits your monthly comfort zone.
Monthly Budget
How much can you comfortably set aside?
My Situation
Current Age
Health Status
Your Estimate Will Appear Here
Adjust the options on the left to begin your planning.
Your Coverage Potential
Fixed protection for 10–30 years.
Designed to never expire.
"These ranges provide a practical planning baseline for your budget."
*Estimates for education only. Final premiums determined by underwriting and carrier approval.
Why these ranges?
Life insurance costs vary based on age, health, and coverage details. This tool uses simplified assumptions to provide a planning range so you can estimate what protection may fit your monthly budget.
Get Personalized Policy Quotes
You’ve completed the planning process. Now it’s time to turn your numbers into real protection.
Our team at Ranwell Insurance can review your results and provide personalized policy options tailored to:
- Your coverage needs
- Your budget
- Your timeline
- Your long-term financial goals
Call Us Now To Confirm Your Estimate (855) 508-5008
Life insurance is one of the most important financial decisions you’ll make. By using our full suite of calculators, you’re taking a responsible, informed approach to protecting your family’s future.
If you have questions about your results, our licensed advisors are ready to help you understand your options and move forward with confidence.