HOW TO CALCULATE PAIN AND SUFFERING, 2013
THE MARTINEZ FORMULA I, II
THE MARTINEZ FORMULA
IS AN UNIVERSAL FORMULA FOR ALL ATTORNEYS, COURTS, INSURANCE COMPANIES,
ADJUSTERS, ACTUARIES AND UNDERWRITERS TO USE WHEN CALCULATING PAIN/ SUFFERING
PERMANENT PAIN/ SUFFERING
Formula I MALE
Age - life expectancy X 365 ) = remaining days of life expectancy X dollar amount = pain and suffering
Example: 30 - 80 LE = 50 yrs. X 365 = 18,250 days life expectancy X $__________ = pain/ suffering
*you set the amount per day*
PAIN/ SUFFERING FULLY RECOVERED
Formula II MALE
Date of injury minus date of recovery = total number of calendar days X dollar amount = pain/suffering
Example: 01/20/2011 minus 03/20/2012 = 425 calendar days X $_________= pain/suffering
If pain medication allows the person to perform daily essential life activities, then, the amount per day is reduced.
Example: Pain medication for a broken leg reduces the pain, but does not permit the person to walk .
Therefore, no reduction in the amount per day.
*** Note in formula II, age is not a factor since pain does not favor a person's age.
Formula I, II PAIN means "hurt" SUFFERING means "the inability to perform
daily essential life activities due to the impedance of pain". Defined by [Dan Martinez]
*** Pain/Suffering has nothing to do with calculating the loss of enjoyment of life or employment . That is a different formula.
Insurance claims school - on line courses starts March 4, 2013
If you have any problems with this formula contact Dan Martinez 1 (316) 683-0170
Insurance Claims Consultants ®
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