Ever wondered how much your life is worth financially, not in emotional terms, but in terms of the income and value you bring to your family? That’s exactly what HLV stands for: Human Life Value.
Age limit: 18+ Yr. age required for cover and premium
Age will define the eligibility cover and premium
Life cover can be upto 2 Cr.
Your life cover will be
0
If you’re wondering how to calculate human life value, here’s a quick breakdown of how the HLV calculator works:
This includes your age, current income, expected retirement age, ongoing expenses, existing liabilities, and inflation rate
It estimates the present value of your future income after deducting personal expenses and taxes, adjusted for inflation.
In short: HLV = (Annual Income – Personal Expenses – Taxes) × Remaining Working Years
Based on the inputs, the calculator gives you the insurance cover you should ideally have
It’s that simple.
Instead of using guesswork, this tool uses a structured, financial approach to show you your HLV meaning in insurance terms, helping you safeguard your family’s future without over-insuring or under-insuring.
If you're curious about the steps behind the HLV calculator, here’s a simple breakdown to understand how to calculate human life value manually:
Step 1: Know your annual income
This includes your salary, bonuses, business profits, or any other source of income.
Step 2: Subtract personal expenses and taxes
The amount you spend on yourself and pay as taxes should be deducted. What remains is the income your family depends on.
Step 3: Estimate your working years left
Subtract your current age from the age you plan to retire. For example, if you’re 35 and plan to retire at 60, you have 25 working years.
Step 4: Apply the Human Life Value formula
Now, multiply your family-dependent income by the number of working years left. Adjust this figure for inflation and expected returns to get the present value.
HLV = (Annual Family-Dependent Income) × (Remaining Working Years) (adjusted for inflation and time value of money)
Of course, a free HLV calculator does this for you in seconds, without any confusion or number-crunching!
HLV Calculator FAQs
You should recalculate your Human Life Value (HLV) every few years or when there’s a significant change in your financial life, like a new job, salary hike, marriage, a new loan, or the birth of a child. Your responsibilities evolve, and so should your insurance cover. A free HLV calculator can help you update your value in just a few minutes.
Calculating your HLV helps you understand the true value of the income you bring to your family over your working years. It ensures your life insurance coverage is aligned with your family’s future needs. Without this, you risk being underinsured, which can leave your loved ones financially vulnerable. That’s why tools like the HLV calculator are essential for smart insurance planning.
Yes, absolutely. Your human life value is unique to you. It depends on several personal factors, like your age, income, lifestyle, family responsibilities, and liabilities. That’s why a customised HLV calculator gives far more accurate results than using a general rule of thumb.
Several lifestyle changes can impact your HLV in insurance terms, such as:
Each of these can shift your human life value, and it's a good idea to revisit your coverage using a human life value calculator.
The concept of Human Life Value was popularised by Dr. Solomon S. Huebner, often referred to as the "father of insurance education." He introduced HLV to help individuals understand the economic value of human life and use it as a foundation for determining appropriate life insurance coverage.
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