PLAIN FIGURES/P02 / HUMAN LIFE VALUEPROFESSIONAL TOOL

Life Insurance Needs Calculator

Calculate Human Life Value — the present value of future earnings, debts, and obligations — to identify your true life insurance requirement and coverage gap.

Personal Details

Current Age

yrs

Retirement Age

yrs

Annual Income (gross)

Income to Replace£48,750 p.a.

Debts & Obligations

Outstanding Mortgage

Other Debts

Future Funding NeedsEducation, care costs, etc.

Existing Cover & Assumptions

Existing Life Cover

Discount RateRisk-free rate

Annual Inflation

Human Life Value — 29 working years remaining

Total Human Life Value

£1,430,339

Coverage Gap — Additional Cover Needed

£1,330,339

you are currently underinsured by this amount

Breakdown

Income Replacement (PV)

29 years of 75% income, inflation-adjusted

£1,145,339

Mortgage & Debt Clearance

Outstanding mortgage and other debts

£235,000

Future Funding Needs

Education, dependant care, other commitments

£50,000

Less: Existing Cover

Current life insurance policies

(£100,000)

COVERAGE SHORTFALL

£1,330,339

HLV is a planning benchmark, not a binding recommendation. Actual needs depend on individual circumstances, tax position, and existing benefits. Consult a qualified protection adviser.