Discover Your Human Life Value
What’s This?
A human life value calculator estimates the income you’d provide over your working years, helping determine the insurance coverage needed to protect your dependents in Karur.
How to Use
1. Enter your current age, retirement age, annual income, and number of dependents.
2. Input your personal expenses percentage and inflation rate.
3. Provide your phone number and email for a personalized quote.
4. Click "Calculate" to see your HLV and tailored tips.
5. Click the WhatsApp button to get a free quote with all your details.
How It Works
The HLV is calculated by subtracting personal expenses from annual income, multiplying by remaining working years, and adjusting for inflation. This estimates the financial support your family needs, tailored for Karur families.
Formula: HLV = (Annual Income × (1 - Personal Expenses/100)) × (Retirement Age - Current Age) × (1 + Inflation Rate/100)
Top 20 FAQs
1. What is human life value?
HLV is the present value of your future earnings to support dependents.
2. Why calculate HLV?
It helps determine the right insurance coverage for your family’s security.
3. What affects my HLV?
Income, expenses, age, and inflation impact your HLV.
4. Is HLV tax-deductible?
Premiums based on HLV may qualify under Section 80C, check with an expert.
5. How long is the HLV period?
From current age to retirement age, typically 25-35 years.
6. Who needs HLV calculation?
Anyone with dependents in Karur should calculate their HLV.
7. Does it include medical costs?
No, HLV focuses on income replacement, not medical expenses.
8. Can I adjust my HLV?
Yes, by updating income or expenses—consult Twins Consultancy.
9. Is there a lock-in period?
No lock-in; HLV is a planning tool, not a policy.
10. How do I use HLV for insurance?
Use the calculated value to choose a sum assured with our help.
11. Can HLV include loans?
Yes, add outstanding debts to increase the HLV estimate.
12. Can I recalculate HLV?
Yes, annually or with life changes—contact us in Karur.
13. Does health affect HLV?
No, but it may affect insurance premiums based on HLV.
14. Should kids have HLV?
Not typically, but parents’ HLV should cover child costs.
15. What documents are needed?
Income proof and age proof; we assist in Karur.
16. How long does it take?
Instant with our calculator—get results now!
17. What if I have savings?
Subtract savings from HLV to adjust coverage needs.
18. What if I overestimate?
Overestimating may lead to higher premiums—consult us.
19. Can inflation be ignored?
No, it ensures future value accuracy—use 5-7% typically.
20. How do I get advice?
Contact Twins Consultancy in Karur for personalized guidance.