Human life value HLV

{
  "id": "MLC-T-INS-001756",
  "term": "Human life value HLV",
  "field": "Insurance and risk management",
  "definition": "A method used to estimate the economic value of an individual's life, typically for life insurance purposes. It calculates the present value of a person's future earnings, after deducting self-maintenance costs and taxes. This value represents the financial loss that dependents would suffer upon the individual's premature death.",
  "url": "https://mlchart.com/terminology/insurance/human-life-value-hlv/"
}