Income Damages Calculator ™
Detailed Instructions (Revised Calculation)Once you've purchased a report generated by the Income Damages Calculator, you can use the Income Damages Calculator to generate additional economic scenarios for that same claimant at no additional charge. The additional scenarios must be run within 1 year from the date of the initial purchase.
The following instructions describe how to use the Income Damages Calculator for generating alternate scenarios for a previously purchased Income Damages Calculator report.
- To use the Income Damages Calculator click on the "Launch Calculator" link. A new window will open.
- You will be asked to indicate whether you are purchasing a new loss of income calculation or revising a previous loss of income calculation. Select "REVISED Loss of Income Calculation" and click "Continue". A new window will open.
- You will be asked to provide the "Order Number" and "Date of Birth" for the particular client file that you wish to modify. The "Order Number" can be found in the "Purchase Receipt" that was displayed at the time of purchase. If you did not print a copy of the "Purchase Receipt" at the time of your transaction, you should have received an email copy of same. Enter the "Order Number" and "Date of Birth" for the particular client file that you wish to modify. Click the "Next" button at the bottom of the form to proceed to the next screen.
- You will now be presented with the economic parameters that you had entered for the without incident scenario (i.e. the individual's income, wage growth, etc. had the individual's income stream NOT been interrupted). Revise your inputs as needed and click the "Next" button at the bottom of the form to proceed to the next screen. Note, when you are revising a purchased calculation, you will not be allowed to revise the majority of the Client Information such as the Date of Birth, Date of Interruption, Gender and Province. However, you can modify the File Reference Number and the Date of Valuation in addition to the economic data on the WITHOUT Incident input form.
- You will now be presented with the economic parameters that you had entered for the with incident scenario (i.e. the individual's income, wage growth, etc. given that the individual's income stream has been interrupted). Revise your inputs as needed and click the "Next" button at the bottom of the form to proceed to the next screen.
- You will be presented with the Income Damages Calculator "Purchase Agreement". When revising a purchased calculation for the same claimant file within the 1 year grace period, payment is only required if you initially purchased a Past Loss calculation and want to upgrade it to the more expensive Past and Future Loss calculation. For example:
- If you initially purchased a Past Loss calculation, the cost of a Past Loss calculation will be free and the cost of a Past and Future Loss calculation will reflect the difference between the cost of a Past Loss Calculation and a Past and Future Loss calculation.
- If you initially purchased a Past and Future Loss calculation, the cost of a Past Loss calculation or a Past and Future Loss calculation will be free.
Click the "Next" button at the bottom of the form to proceed to the next screen. - If you agreed with the Terms and Conditions and payment is required, you will be asked for payment. You can submit your credit card information or cancel the transaction at this time. Your credit card information is encrypted and transmitted over a secure connection. If you proceed and your credit card is approved for this transaction, you will be presented with a receipt. Please print this receipt for your records. Click the "Continue" button to proceed to the next page.
- You will now be shown a summary of the estimated loss based on the values you provided. While this window is open, you can:
- View and print the generated PDF report,
- Adjust your economic parameters and re-calculate the loss at no additional cost.