piCalculator - Future Losses Calculator

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Future Loss Calculator

Future loss calculator for use where loss is over a certain period.

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Name	New Client	Education Level	Degree or equivalent or higher
Date of Birth	01 Jan 1990	Employment	Employed - Retire at 60
Date of Injury	01 Jan 2008	Disability	Not disabled
Date of Trial	30 Jul 2010	Impaired	No impairment
Sex	Male	Discount Rate	2.5%

Claimant Details
Name *	Education Level ?
Fatal Injury	Has Started Working Career
Date of Birth	Age Career to Start
Date of Injury	Employed At Time of Injury
Date of Trial	Disabled Prior
Sex	Disabled After
Revised Life Exp.	Retirement Age
Life Expectancy years	Discount Rate
Calculation Method

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Purchase Description

One off purchase price£

First purchased on trial date
at years of age
on

Age/Period	Loss Value	Disc.	Mult.	Mult. Inc Mort. (0.978)	Value
				Total:	£0.00

Note: As Table 28 is used to calculate losses over a period, a 'Mortality Factor' is used. This factor is calculated by taking the Life Multiplier (T1/T2) and dividing by the Table 28 value for life expectancy. In impaired cases where Table 28 method is used, this factor will be 1.00.

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