Abstract
In cases of personal Injury resulting in death or the permanent disability of an individual to produce income, there is a need to assess the damages claimed by the plaintiff. Since 1916,' the estimate of the victim's lost earnings has been reduced to present value and the proceeds usually distributed as a lump sum award.' The lump sum approach has been favored over the periodic payment approaches. By awarding a single lump sum to the plaintiff, there has been a significant savings of the expenses of administration which would be incurred if the judiciary monitored periodic payments made by defendants to plaintiffs. Ideally, with an appropriate investment strategy' for the lump sum, withdrawals could be made over the lost work life period.
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