Frequently Asked Questions - and Answers

Since the life insurance industry doesn’t have the necessary tools or software to estimate HLV accurately, why don’t you just sell your software to them so that consumers all over the world can benefit?

Is my HLV estimate something I need to revisit?

From everything you’ve said so far, it seems pretty obvious that HLV is at the core of life insurance.  Why isn’t it more prevalent?

Why should how I die matter?  If I die in a plane crash or if I die from a heart attack, I want to make sure that my family will be no worse off without me.

How is the concept of HLV related to wrongful death litigation?

How does this HLV estimator differ from other ones that I have found on the internet?

I’m an insurance agent. Can I use this HLV estimator?

Often times I’ve heard that life insurance is used to maintain your family’s standard of living.  Is that accurate?

Why isn’t needs analysis a sufficient tool for determining proper insurance coverage?

How does estimating my HLV relate to using needs analysis?

My agent has walked me through a needs analysis.  How is that different than HLV analysis?

Since you don’t ask the user for assumptions, how do you make the various projections needed for an accurate estimate of my HLV?

Do life insurance agents use HLV analysis?

You just used the term “family deductible.”  I’ve never heard of that before.  Please explain.

My HLV is surprisingly high.  I can’t possibly afford that much life insurance.

Now that I know my HLV, what do I do with it?

I already have some life insurance, and my spouse is constantly reminding me that I’m worth more dead than I am alive.  Is that really true?

Why does knowing my estimated HLV matter?

What exactly is “human life value” (HLV) again?