Consider a client, John, who is 50-year-old and makes $75,000 per year. If John passed away this year, his family will need a life insurance benefit to replace the 17 years of tax adjusted income until retirement. After assuming a 5% discount rate, the present value of John's net income over 17 years is $634,166. Therefore the life insurance benefit needed to replace John's earnings through retirement would be $634,166.
What is an example of the Human Life Value Calculation?
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