3 ms·
"Life value" considers a life over the years, not life itself. The value isn't constant since the earning potential is a large part of that value. It should be
by luckylion 7y ago
"Life value" considers a life over the years, not life itself. The value isn't constant since the earning potential is a large part of that value. It should be obvious that it sinks with age, that is if you're 80, the projected earnings that you will achieve during the rest of your life is very different from the projected earnings of the same person at 20 years. If you wanted to take out an insurance that would pay you some sum for the rest of your life if you had an accident, that will also change dramatically if you're 20 vs if you're 80.
Saying that the value is constant is a PR thing, not scientific, and it's not what "we" (as in governments, insurances, hospitals etc pp) do. We look at age. We'll prefer to give a new heart to a 20 year old vs a 89 year old.