40 likes | 73 Views
Human Life Value Calculator (HLV) helps to calculate life insurance cover that you need to secure your loved one's needs based on your spends, income & liabilities.<br>
E N D
What is Human life value calculator ? Human life value calculator is an important tool for estimating the financial obligations your family might face without you. Since it cannot be left to chance, especially when it involves your family, adequate insurance coverage is essential. Making ensuring you don’t leave your family with any financial obligations is crucial.
Calculating human life value to determine insurance needs : • You must assess the insured person’s estimated future earnings in order to compute human life value. Contrast this with the family’s current available income. • A human life value calculation just provides you with the amount that will be needed to replace the insured person’s lost income. • A lump sum cash payoff upon the insured person’s passing is not taken into account in the Human Life Value calculation.