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Human Life Value

Present value of your family's share of your future earnings until retirement.

Inputs

Current age

Retirement age

Gross annual income

HK$

Annual taxes + self-maintenance + premiums

HK$

Discount rate (%)

How this is calculated

PV = Σ C / (1 + r)^t for t = 1…n, where C is annual income less taxes, self-maintenance and premiums, r is the discount rate, and n is years to retirement.

On the discount rate: Hong Kong has no single mandated figure for this kind of personal calculation. As one data point, the MPFA reported the MPF system's 2000–2010 annualised return at 5.5% per annum after fees, against average inflation of 0.7% per annum over the same period (MPFA press release, 17 April 2011).

Estimate

Human Life Value

HK$7,262,654

Annual contribution to family: HK$420,000

Years until retirement: 30

This is roughly the amount of life insurance cover you'd need to fully replace this value for your family: approximately HK$7,262,654.

For information only. Not advice, recommendation, or solicitation. Data has not been independently verified — always verify directly with the authorised intermediary or fund provider before making decisions.