The "Human Life Value" (HLV) concept pertains to life insurance and financial planning. It represents a person's value in terms of their financial contribution to their family or dependents. In other words, if that person were to die suddenly, the HLV would estimate the financial loss that their family would incur.
This concept can be beneficial for those determining how much life insurance they should purchase to provide financial support to ensure their family's financial stability in the event of their untimely death.