Insurance Calculators
Human Life Value Calculator
Value your future earnings in today's money to set a defensible upper bound on life cover.
Human life value
$905,286
- Total future earnings
- $2,599,717
- Working years remaining
- 27 years
Yr 1Yr 3Yr 5Yr 7Yr 9Yr 11Yr 13Yr 15Yr 17Yr 19Yr 21Yr 23Yr 25Yr 27
How this calculator works
HLV = Σ (income in year t × (1 − personal share)) ÷ (1 + d)^t
- d
- the discount rate converting future money to today's terms
- personal share
- the portion of income you consume yourself
Important considerations
- This is an upper bound; most households insure less and rely on existing assets.
- Non-earning contributions such as childcare also have replacement value.
Related calculators
- Life Insurance Needs CalculatorHow much life cover your household needs.
- Term Life Insurance CalculatorEstimated premium for level term cover.
- Disability Insurance CalculatorIncome protection benefit you would need.
- Retirement CalculatorProject your retirement balance and the income it could sustain.
- Health Insurance Cost CalculatorTotal annual cost of a health plan.
- HSA Contribution CalculatorHSA balance and the tax it saves.
Learn more
Terms used here
Frequently asked questions
Why discount future earnings?
A lump sum today can be invested, so future income is worth less than the same amount now.
Disclaimer
Legamoney calculators are educational tools. Results are estimates based on the figures you enter and do not constitute financial, tax or legal advice.
Last reviewed 2026-08-01