Actuarial Tables


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.