Actuarial Tables

peter

To calculate the value of lost earning capacity, i.e. losses that will go into the future, lawyers and Courts are required to use an actuarial formula to put a monetary value on future losses. Damages for pecuniary loss are paid as a lump sum. Consequently, it is necessary to calculate the size of the lump sum in every case. The actuarial formula must be used to put a value on weekly losses that will continue into the future. The result is a lump sum payment of damages for pecuniary loss.