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
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
Example calculation
Illustrative example — not advice
Worked example — the human life value calculator as it loads, using the default figures below.
- 01Enter current annual income: $62,000.
- 02Enter current age: 38.
- 03Enter retirement age: 65.
- 04Enter expected income growth: 3%.
- 05Enter discount rate: 5%.
- 06Enter share spent on yourself: 30%.
- 07Read the human life value from the results panel: $905,286.
Human life value: $905,286. Total future earnings: $2,599,717. Working years remaining: 27 years.
These figures come straight from the calculator above running on the values listed, so you can retype them and confirm every number yourself. Change any input and the results update immediately. Illustrative only — not a quote, offer or recommendation.
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.
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