Processing and coping with the loss of a loved one is incredibly challenging. This challenge may be more difficult if the passing is unexpected. While you may not be thinking about filing a wrongful death claim, insurance companies can start to pressure you into settlements. The Law Office of Todd W. Burris is here to help you receive the financial award you deserve after the wrongful death of your loved one. And while this may be news, life expectancy can play a big part in what you’re owed.
Why Calculate Life Expectancy?
In a wrongful death claim, life expectancy is used as a way to judge what losses a person’s death caused. These are called future damages. Future damages include estimates for any lost wages and lost pension or retirement.
Future damages are calculated and reduced to whatever their present value may be. The present value is the value of all the future damages in today’s dollars.