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Life Expectancy Calculator

Our calculator will provide you with the remaining life expectancy of the average Canadian of a particular age and gender, based on the most recent Statistics Canada life expectancy data*.

 

 

 

 

 


*Source:  Statistics Canada, Life Table for Canada (2007-2009).
Gender:
Age:
0 yrs
99 yrs
40 Yrs

Results:

A 40 year old male is expected to live another
40.25 years.

Life expectancy before age 65 is 24.04 years.

Calculate Present Value:

To Life Expectancy To Age 65
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Present Value Calculator

Our immediate present value calculator will provide you with the approximate present value of a future stream of $xxx.xx per year, paid monthly, for a given number of years. You will need to select the appropriate discount rate depending on the type of payments (level or indexed) to be made.

For tort claims in Ontario, the discount rate is set annually as per Rule 53.09 of the Ontario Rules of Civil Procedure and is noted as ON in the discount rate drop-down list.

 Years
Number of Years of Payment:
Discount Rate:
%
Current Annual Dollar Amount:

Present Value Results:

The Present Value of $2500 per year, paid monthly, for 10
years using a discount rate of 3.00% is $21617.17

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Court Award Inflation Calculator

 

Our calculator will provide the current value of a past Court award adjusted for inflation. The current value is calculated using the most recent Consumer Price Index data available. If you are unsure of the month of the Court Award, you can select the Average annual option ("Use Avg. Ann.").

 

 

 

*Calculated using the Consumer Price Index for Canada, all-items, not seasonally adjusted historical data (2002 = 100).
Amount of Court Award:
Year of Court Award:
Month of Court Award:

Results:

A $ Court award in , adjusted for
inflation*, would be equivalent to $ in
of .

Print Results

Glossary

Annuity

An annuity is a stream of periodic payments (monthly, quarterly, semi-annually, annually) made by a life insurance company. Payments can be made for a specified period of time, or for a person's entire lifetime, no matter how long that is.

Assignment

Assignment occurs when the defendant or casualty insurer providing the settlement money cannot or will not own your structure. Should this happen, a separate insurer will step in to own your structure, which allows you to receive your payments tax free. This process releases the casualty insurer from the ongoing liability for the structure payments, because this liability is taken on by the new insurer. You still require the consent of the casualty insurer to have a structure.

Estate protection

Can be incorporated into a structure, to provide a time period during which payments will be made regardless of whether the recipient is alive or not. It is designed to provide benefits to the estate of the injured party in most cases, or to the casualty insurer in others.

Inflation protection

Inflation protection can be created in a structured settlement by adding indexation.

Lump-sum payment

Single payments, at specific future dates. This feature is used to provide large sums for specific needs such as replacement of vans or electric wheelchairs. These are usually combined with periodic payments.