Human Life Value
Present value of future after-tax earnings, mortality-weighted using SOA actuarial tables.
Human Life Value
The HLV method computes the present value of your future after-tax earnings stream, weighted by SOA mortality-based survival probabilities at each age:
HLV = sum_t [ Income(t) x (1 - tax_rate) x survival_prob(t) x discount_factor(t) ]
This produces a fundamentally different number than DIME because it accounts for income growth, mortality risk at each age, and the time value of money. The recommended coverage is the maximum of DIME and HLV.