What is HLV Calculator?

HLV Calculator tells you a number about the current value of your future household expenses, personal liabilities and value of your investments.

In case an individual is no longer around, this HLV number helps to know how much money would be required to secure the lives of dependents.

The Human Life Value Calculator has been designed to help you assess your financial value to those you love by estimating the future financial contributions you will make to your family or the financial loss that your family would incur if something happens to you. For the purposes of this calculator, a human life only has economic value in its relation to other lives, specifically a spouse or dependent children. Therefore, if you have neither, the calculator will not generate a result.

Please note, this calculator will provide only a rough estimation of your human life value, which can be a factor in determining the amount of insurance you should have in your financial portfolio.

Who invented HLV (HLV calculator)?

Dr. Solomon S. Huebner discovered the concept of HLV calculator (Human life value calculator) in 1911 as the part of a campaign to increase life insurance sales and make it more affordable to many more people.

So, he created the HLV standard method of calculating health Insurance.

Metrics used to calculate HLV?

1} Age and Gender.

2} Your Work, This is Important because by your work it gets an idea about your risk bearing ability.

3} Retirement age- this gives an idea about the time you have for your investments.

4} Income history, annual increment.

Finally, we take into account your spouse’s life information and your financial obligations towards children’s education or other expenses

HLV (Human Life Value) puts a number to an important question.

What is the economic price of your life?

In life insurance, it’s important to measure your economic worth.

Your HLV is the rupee value of your economic worth in terms of what you create for the people who depend on you.

So if your life is cut short, you want to be sure that those who depend on you will have enough money to carry on.

Posted by: ImperialMoney at 05:20 AM | No Comments | Add Comment
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