Human Life Value at Life

Human Life Value. All lives are precious, but they are. In life insurance parlance, human life value or hlv, represents the amount that ensures a family's standard of living does not get affected if the one who earns for the family dies or is unable to continue earning.

The future expected earnings of the insured needs to be. Thus, understanding personal values means understanding human behaviour. Using the human life value approach , the value of a human's life is calculated on net future earnings potential and may be determined by discounting a person's future net earnings at a reasonable rate of interest.

Mission Vision OHB System ENG

Human values are defined as those values which help man to live in harmony with the world. The human life value concept is a universally adopted approach utilized by underwriters as well as courts when establishing the economic value of a human life. As a society we have historically been willing to incur costs to save lives and improve public welfare. Human values are the basis for any practical life within society.