Your financial value – sometimes called human life value – equals what you would have earned in your lifetime and the value of employee benefits. It is, to a great extent, the economic value of your life.
Another way to think about this – Your financial value is the cash flow, the income, that your family is deprived of because of your passing. It is a good place to start when considering what amount of life insurance you may want to put in place.
Ultimately – You Get To Decide – What amount of money will make your family financially whole?