Human Life Value Calculator at Life

Human Life Value Calculator. It helps assess whether your current life insurance cover is adequate or if you need to enhance it. It’s essential to make sure that you don’t leave behind any financial liabilities for your family.

Balaji is buying his first life insurance policy and comes across the term, ‘human life value’ while doing online search. The human life value concept is a universally adopted approach utilized by underwriters as well as courts when establishing the economic value of a human life. It uses age, occupation, retirement age, annual income, etc., to calculate.

See why this man is called 'The Human Calculator'

Your current age and the age you wish to retire. So, if your life is cut short, an amount equivalent to the hlv should be available so that the people dependent on you can lead their life properly. He approaches his colleague, vishwa who just purchased a. This is the total amount you would need invested today, to equal the total earnings of a person's lifetime.