“Human Life Value” – What’s Your Economic Worth?

While it is occasionally used as a life insurance needs device, its more common use is in computing damages (loss) that arise from an individuals premature death.

A tragic example of Human Life Value calculations can be seen in the governments analysis of settlements to be paid to the families of victims of the 9/11 nightmare. Using complex actuarial, economic, health and compensation analysis they came up with financial settlements for the survivors that hoped to replace the victims lost income, benefits, etc.

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