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Indemnity payments for a person who
is totally permanently disabled are set at the same rate as total temporary
disability indemnity payments. Payments are made for the remainder of the
injured person's life.
Don’t struggle with trying to work with complex
tables or invalid computer programs. Let us make the Present Value Calculations
for your cases.
If you are a customer of Med-Legal, then
you’ve already chosen the right copy service. We will compute that value
free of charge. Just ask us!
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 Thirty
Thousand Reasons to Go
With a Med-Legal PV Rating.
In a recently
settled case, the DEU Rater made several errors and our PV report
got the attor- ney over $30,000 in additional attorney’s fees. > MORE
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Don’t struggle with the tables or computer programs. If you chose our copy service
we will compute that value for you free of charge.
Simple, fast and at no cost if you are a current Med-Legal customer. You
get prompt, easy-to-use results For more info, call us at (800) 244-3495
and ask for the Present Value Calculation Department, or fax (800) 962-4896
or email us with the data.
Attorney Fee Based Upon Present Value
Case Number: ADJ2140141
Applicant Name:
Date of Commutation (DOC): 3/1/2010
Date of Birth: 10/12/1984
Date of Injury:
11/3/2006
Permanent disability rating percent: 71%
Weekly earnings: $580.05
Permanent and stationary date: 12/1/2007
Gender: Male
Interest discount percentage
per annum: 3%
SAWW predicted future rate: 4.66%
Results
Age at date of commutation: 25.39
Permanent Disability (PD)
Total
payout of PD: $121,297.50
Total weeks of PD :449.25
Weekly rate of PD: $270.00
Amount due that has or should have been paid by DOC: $31,705.71
Weeks From
P&S to DOC: 117.43
Remaining Weeks of PD: 331.82
Present Value of Remaining
Weeks of PD: 302.33
Present Value Remainder of PD: $81,628.56
Savings on PD
if settled: $7,963.23
Total present Value of PD at DOC: $113,334.27
Life Pension (LP)
Date of start of life pension payments: 7/11/2016
Age at
start of life pension payments: 31.75
Rate of payment of LP at DOI: $85.04
Payment Increases based on SAWW Start: January 1, 2007
SAWW last year available:
2006 U.S.
Life Table used: 2000
Present value of life pension at DOC: $368,386.34
Total Present Value of
total PD and LP: $481,720.61
Attorney Fee
Percentage Attorney Fee: 15%
Attorney
Fee on amount due at DOC: 15% of $31,705.71=$4,755.86
Attorney fee on present
value of remainder of PD 15% of $81,628.56=$12,244.28
Attorney fee on present
value of remainder of LP 15% of $368,386.34=$55,257.95
Total amount of attorney fee as lump sum now due: $72,258.09
Amount of fee
deducted from amount due: 0
Estimated weekly deduction from PD remainder
for $12,244.28 + $4,755.86= $56.23
Starting Weekly Life Pension Compensation
rate: 128.13
Starting Weekly deduction for attorney's fee*: 19.22
* This is
the predicted weekly reduction for attorney fee from the predicted (starting)
weekly payment. This considers that no attorney fee on Life Pension has been
paid and that Uniform Increasing Reduction(UIR) method is used. The payment
and deduction in future years are increased by the percentage increase in
the SAWW.
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