The Human Asset

A Human being is in income generating asset. One's income generating ability depends on one ones's skill (manual, professional, problem solving , entrepreneurial etc.) These are the assets. The value of assets can be measured by considering the income that is generated by the person concerned . the concept of human life value , provides scientific way to determine the asset value of the human life and therefore , the amount of life insurance required . these techniques , like other techniques related to selling will have to be learn on the jobs. A person who may have made arrangements for this needs after his retirement , also would need insurance. This is because the arrangements
         would have been made on the basis of sum expectations like, likely to live another 15 years or that children will be able to look after the age parents . If any of these expectation do not become true , the origenal arrangement would become inadequate & there could be difficulties  .Living to long can be much a problem as dying to young. Both are risks which need to be safeguarded against insurance takes care
         Thus , the risk in the case of a human being are related  to
Early Death, Living Too Long, Disabilities, Sickness, Unemployment