Term Certain Multiplier for Life Expectancy
Polish translation: mnożnik dla oczekiwanej długości życia dla renty na czas określony
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| 12:38 Dec 11, 2023 |
| English to Polish translations [PRO] Law/Patents - Insurance / Schedule of loss | |||||||
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|  Selected response from: Frank Szmulowicz, Ph. D. United States Local time: 18:11 | ||||||
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| 2 | mnożnik dla oczekiwanej długości życia dla renty na czas określony |
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Answers
4 hrs confidence: 
| term certain multiplier for life expectancy mnożnik dla oczekiwanej długości życia dla renty na czas określony Explanation: The claimant will need a hip replacement in seven years’ time (known as ‘a term certain’). Until then, however, he will need care costing £8,555 a year. Ogden Table 36 tells us that the multiplier for a ‘term certain’ of seven years is 7.06. https://www.counselmagazine.co.uk/articles/more-calculating-... Using the term certain method, the distribution or withdrawal from a retirement account is based on the holder's life expectancy at the time of the first withdrawal. With each successive year, the account is steadily depleted, while the person's life expectancy decreases by one year. https://www.investopedia.com/terms/t/term-certain-method.asp... |
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