Where are future life pension benefits trending?
Good news everyone! A recent news report suggested the U.S. is headed towards record high life expectancy! While commutations of life pensions and permanent total disability are effected by the morbidity rate and not life expectancy, this is very much an indication that updated commutation Tables 2 and 3 would result in much higher present values than the 1989 life tables originally used to these charts.
If you are a workers’ compensation professional in need of a consultation on estimating future life pension, permanent total disability, or death benefits, don’t hesitate to reach out.