Illinois Workers' Compensation Claims Settlement Contract Language

For those involved in an Illinois Workers' Compensation case:

The Social Security Administration’s Periodic Life Table, outlines average life expectancy.

Spread language should be used in ALL workers’ compensation settlement contracts.

Spread Language

Workers’ Compensation Spread Language should be used in all Workers’ Compensation settlement contracts regardless of whether a Petitioner is contemplating filing for Social Security Disability at the time of the settlement.

Recommended Language:
After payment of attorneys fees and costs, the petitioner will receive a net amount of $__________.   This is for a permanent impairment that will affect the claimant for the rest of his/ her life.  The mortality table indicates that a petitioner age _______ has a life expectancy of _______ or _________ months.  The amortized monthly net benefit is _________ per month. This represents future income replacement.  This paragraph is intended for Federal Social Security purposes only.