Human Life Value Insurance Need Calculator

Inputs

Current Age

Retirement Age

Currency

Current Annual Income Gross per year

Expected Income Growth (% per year)

Income Tax Rate (%)

Personal Consumption (% of income) Share not used by family

Discount Rate (% per year)

Immediate Expenses (today)

Education Fund (today)

Liquid Savings (today)

Existing Life Insurance

Method Income replacement present value: forecast after-tax earnings, adjust for personal spending, then discount to today. Add one-time needs, subtract available resources and existing cover.

Year-by-Year Income to Family (Present Value)

#	Age	Projected Income (PKR)	After Tax	Family Share	Discount Factor	PV This Year	Cumulative PV
1	36	2,500,000.00	2,250,000.00	1,575,000.00	1.0600	1,485,849.06	1,485,849.06
2	37	2,600,000.00	2,340,000.00	1,638,000.00	1.1236	1,457,814.17	2,943,663.23
3	38	2,704,000.00	2,433,600.00	1,703,520.00	1.1910	1,430,308.24	4,373,971.47
4	39	2,812,160.00	2,530,944.00	1,771,660.80	1.2625	1,403,321.29	5,777,292.76
5	40	2,924,646.40	2,632,181.76	1,842,527.23	1.3382	1,376,843.53	7,154,136.29
6	41	3,041,632.26	2,737,469.03	1,916,228.32	1.4185	1,350,865.35	8,505,001.65
7	42	3,163,297.55	2,846,967.79	1,992,877.45	1.5036	1,325,377.33	9,830,378.97
8	43	3,289,829.45	2,960,846.50	2,072,592.55	1.5938	1,300,370.21	11,130,749.18
9	44	3,421,422.63	3,079,280.36	2,155,496.25	1.6895	1,275,834.92	12,406,584.10
10	45	3,558,279.53	3,202,451.58	2,241,716.10	1.7908	1,251,762.56	13,658,346.67
11	46	3,700,610.71	3,330,549.64	2,331,384.75	1.8983	1,228,144.40	14,886,491.07
12	47	3,848,635.14	3,463,771.63	2,424,640.14	2.0122	1,204,971.87	16,091,462.94
13	48	4,002,580.55	3,602,322.49	2,521,625.74	2.1329	1,182,236.55	17,273,699.48
14	49	4,162,683.77	3,746,415.39	2,622,490.77	2.2609	1,159,930.20	18,433,629.68
15	50	4,329,191.12	3,896,272.01	2,727,390.40	2.3966	1,138,044.72	19,571,674.40
16	51	4,502,358.76	4,052,122.89	2,836,486.02	2.5404	1,116,572.18	20,688,246.59
17	52	4,682,453.11	4,214,207.80	2,949,945.46	2.6928	1,095,504.78	21,783,751.37
18	53	4,869,751.24	4,382,776.12	3,067,943.28	2.8543	1,074,834.88	22,858,586.25
19	54	5,064,541.29	4,558,087.16	3,190,661.01	3.0256	1,054,554.98	23,913,141.22
20	55	5,267,122.94	4,740,410.65	3,318,287.45	3.2071	1,034,657.71	24,947,798.94
21	56	5,477,807.86	4,930,027.07	3,451,018.95	3.3996	1,015,135.87	25,962,934.81
22	57	5,696,920.17	5,127,228.15	3,589,059.71	3.6035	995,982.36	26,958,917.17
23	58	5,924,796.98	5,332,317.28	3,732,622.10	3.8197	977,190.24	27,936,107.41
24	59	6,161,788.86	5,545,609.97	3,881,926.98	4.0489	958,752.69	28,894,860.10
25	60	6,408,260.41	5,767,434.37	4,037,204.06	4.2919	940,663.02	29,835,523.12
Total PV to Family						PKR 29,835,523.12

Example Data

Scenario	Age	Retires	Income	Growth %	Tax %	Consumption %	Discount %	Immediate	Education	Savings	Existing Cover
Balanced	35	60	2,500,000	4.0	10.0	30.0	6.0	500,000	1,500,000	300,000	2,000,000
High Growth	30	60	1,800,000	7.0	8.0	25.0	6.0	400,000	2,000,000	250,000	1,200,000
Conservative	40	58	3,200,000	3.0	12.0	35.0	7.0	600,000	1,000,000	500,000	3,000,000

Results

Years to retirement 25
PV of income to family PKR 29,835,523.12
One-time needs (today) PKR 2,000,000.00
Savings + existing cover PKR 2,300,000.00
Suggested coverage PKR 29,535,523.12

CSV includes inputs and the year-by-year schedule. PDF is generated client-side without using html2canvas.

Sensitivity (quick view)

Assumption	PV to Family (PKR)
Discount rate - 1%	33,511,454.93
Discount rate + 1%	26,713,147.05
Growth rate - 1%	26,888,012.02
Growth rate + 1%	33,229,969.98

Use this to see how sensitive the estimate is to economic assumptions.

Assumptions & Notes

Income is grown annually by the growth rate.
After-tax income is income × (1 − tax rate).
Family share is after-tax × (1 − personal consumption).
Discounting uses year-end timing.
Suggested coverage is max(0, PV to family + immediate needs − savings − existing cover).