What does the Human Life Value Approach focus on?

The Human Life Value Approach focuses specifically on the individual's future stream of income, emphasizing the economic value that a person brings to their dependents over their lifetime. This approach calculates the monetary worth of potential earnings an individual could generate, taking into account factors such as salary, potential raises, and the number of working years left until retirement.

By concentrating on future income, this method helps in determining the amount of life insurance that should be purchased to adequately provide for dependents in the event of the individual's premature death. It captures the idea that the purpose of life insurance is to replace the lost income which families depend on for their financial stability and planning.

Other options, while relevant to different aspects of financial planning or life insurance considerations, do not align with the specific focus of the Human Life Value Approach. The approach is not about current assets and liabilities, immediate needs, or historical income, but rather about forecasting and quantifying future financial contributions.