What is human life value

Question

Accepted Answer

Human life value refers to the financial worth of an individual's life based on their earning potential and future financial obligations.

Human life value is a concept used in insurance and financial planning to determine the amount of life insurance coverage needed.
It takes into account factors such as age, income, expenses, and future financial goals.
For example, a young professional with a high income and significant financial responsibilities may have a higher human life value compared to a retiree with limited income and financial obligations.
Calculating human life value helps individuals and families make informed decisions about life insurance coverage and financial planning.
It is important to regularly reassess human life value as circumstances change, such as getting married, having children, or experiencing a change in income or expenses.

Accepted Answer

Life has no cost it is precious.

Accepted Answer

Human life value means to take life forward and make life better.

Accepted Answer

Annual income *25years

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