Estimate your economic life value as the present value of future income.
Calculated locally in your browser.
Understanding your result
A higher discount rate lowers the present value. HLV is one lens on cover needs; the needs-analysis method is another.
Formula and method
Net contribution = income − own expenses. HLV = NC × [1 − (1 + r)⁻ⁿ] ÷ r (present value of an annuity); when r = 0, HLV = NC × n.
Worked example
(50,000 − 15,000) for 25 years at 5% discounting gives an HLV of roughly 493,000.
How to use this tool
- Enter your annual income and your own expenses.
- Add the years to retirement and a discount rate.
- Press Calculate.
Common mistakes to avoid
- Using gross income without subtracting personal expenses.
About the Human Life Value Calculator
Human Life Value (HLV) estimates the economic value of your future earnings to your dependants — the present value of the income you would contribute until retirement.
Frequently asked questions
HLV or needs analysis?
They answer the question differently; many advisers consider both. Use the Life Insurance Calculator for the needs approach.