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KNOW YOUR HUMAN LIFE VALUE AND IT’S IMPORTANCE WHILE ASSESSING INSURANCE COVERAGE

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  Introduction The biggest concern for any breadwinner of the family is what will happen to his or her family in his or her absence due to any unfortunate event, such as death. Human Life Value (HLV) determines the monetary loss that one’s family will experience in the event of an unfortunate event that leads to your death. An HLV calculator may be used to estimate the economic worth of human life. Life is uncertain, and hence it is important for us to be prepared for the worst. Life insurance is an excellent financial instrument that can protect your family financially if any unfortunate event results in your death. Your life insurance policy takes over in your absence to financially secure your family. However, it is crucial to choose an appropriate life insurance policy to make sure that your family does not have to compromise on anything after you are gone. Your family can achieve their goals with the help of appropriate insurance coverage. This is why, while purchasing a...