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.

GuideHuman Life Value: How Income Replacement Maths Works
Risk and Coverage Cluster

Professional users usually need to move between exposure sizing, limit adequacy, and scenario modelling. This cluster keeps those supporting paths shallow and crawlable.

Personal Details
yrs
yrs
£
£48,750 p.a.
%
Debts & Obligations
£
£
Education, care costs, etc.
£
Existing Cover & Assumptions
£
Risk-free rate
%
%
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.
Cluster Hubs

Use these organising pages when you want the main calculators and supporting guides for this topic grouped in one place.

Open the risk management and coverage hubGroup exposure, coverage, limit, and capital tools within one professional cluster.Open the advisory analytics and automation hubKeep adjacent professional guides and commercial tools connected in one organiser page.
Related Calculators

Move sideways to closely related calculators without leaving the same topic cluster.

Use the Business Interruption Sum InsuredCalculate BI sum insured using gross profit, trend uplift, indemnity period, and ICOW.Use the Coverage Gap AnalysisMap policy limits against exposures across property, liability, BI, and cyber lines.Use the Total Cost of Risk (TCOR)Aggregate premiums, retained losses, admin, and risk control costs. Four scenario comparison.Use the Risk Score & Heat MapScore risks by likelihood and impact. 5×5 heat map, editable register.
Related Guides

Use these supporting explainers when you need the formula, assumptions, or decision framing behind the numbers.

Business Interruption Sum Insured: How It WorksWork through BI sum-insured logic and indemnity-period sizing.Human Life Value: How Income Replacement Maths WorksKeep protection-gap and income-replacement framing attached to the broader coverage cluster.Cyber-Resilient Agency: Protecting Client DataConnect breach exposure to control investment and coverage planning.Cyber Insurance Limits: How Adequacy Is EstimatedKeep cyber-limit adequacy and the supporting exposure logic inside the same protection path.