Definition of Life Expectancy
Life expectancy is the statistical prediction of how long someone is expected to live. Life expectancy may be calculated in a civil action to help determine loss of wages and other types of compensation.
Life expectancy is a key factor when the courts are calculating loss of earning capacity and how much the injured party has been impaired or their ability to work has been diminished by the injuries caused by the defendant. Life expectancy is just one of the factors to calculating loss of earning capacity. Other factors include the plaintiff's age, health, occupation, talents, skills, experience, past earnings and training. One court described these damages as the "increased probability of unemployment."
Because the calculations for loss of earnings and other damages for personal injury cases can be so complicated, it is recommended that if you are injured you need to talk to a personal injury lawyer before settling an injury case with an insurance company.