Life insurance may be one of the most important purchases you’ll ever make.
In the event of a tragedy, life insurance proceeds can help pay the bills, continue a family business, finance future needs such as your children’s education, protect your spouse’s retirement plans, and much more. It is the foundation for your financial legacy.
When thinking about life insurance, it is important to consider your human life value. Your human life value is your economic worth over the course of your lifetime. This is important as this is the amount of income you are projected to earn that you and your family count on.
Sometimes you hear about human life value in the case of a wrongful death lawsuit. Someone is killed prematurely and their human life value is calculated to determine the economic loss to their survivors.
If you were to calculate your human life value, the number may astonish you.
