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What is a fair pain and suffering settlement in the state of mississippi for an auto accident?

My 14 year old daughter was a passenger in an accident. She recieved severly bruised knees, cuts to her arms from broken glass, and kneck and back strain. She was transported from our local hospital to a major medical center by ambulance to recieve CAT scans for a possible brain bleed and pelvic damage. Her medical bills will total $4,000-$5,000. Plus it’s been 2 weeks and she still has terrible looking bruises all over and can barely walk. So much for soccer! All advice is appreciated, Thank you.

Mississippi it a tort liability state meaning the threshold requirements for pain and suffering are verbal. No need to meet a benchmark unlike other states where you have to have a "serious injury" or meet a monetary threshold before you can claim for pain and suffering.

The loss happened two weeks, it is far too early to begin thinking about a settlement. Aside from the diagnostic tests, will your daughter seek any therapy? If not, her claim has limited value beyond the medical expenses.

Her claim will be evaluated based on the nature and extent of her injury, disability and treatment. If you really think you want to settle this early, expect the meds plus about $1k-$1.5k. In my opinion it is premature since she can "barely walk".

Contact the claims adjuster, and they will run you through the process.

Edit – forgot to mention, in most states any minor settlement(claimants 18 and under)has to be approved by a judge via friendly suit. So, if the judge does not feel that the settlement is fair and reasonable, he will ask the insurance company to increase their offer. The insurance company can file the friendly suit for you.

what is it?

#
The future value of a lump sum at the end of five years is $1,000. The nominal interest is 10 percent and interest is

compounded semiannually. Which of the following statements is most correct?

a. The present value of the $1,000 is greater if interest is compounded monthly rather than semiannually.

b. The effective annual rate is greater than 10 percent.

c. The periodic interest rate is 5 percent.

d. Both statements b and c are correct.

e. All of the statements above are correct.
—————

Which of the following statements is most correct?

. A 5-year $100 annuity due will have a higher present value than a 5- year $100 ordinary annuity.

b. A 15-year mortgage will have larger monthly payments than a 30-year mortgage of the same amount and same interest rate.

c. If an investment pays 10 percent interest compounded annually, its effective rate will also be 10 percent.

d. Statements a and c are correct.

e. All of the statements above ar

Question 1:d.
Question 2:e.

Why do all financial advisors tell the same risk story?

This question is related to all these questions. Yahoo did not give me enough space to explain it all. Try & read in order.1. http://answers.yahoo.com/question/index?qid=20060905135601AARhX7H

2. http://answers.yahoo.com/question/index;_ylt=AkdNaoF0InsHX4vReFTmKQXzy6IX?qid=20060915163938AAen9C3
Well which is it? We have lost $1.2 million over 8 years following this rolling period story. If we follow this story over the next 15 or 20 years with an income draw of 3% or 4% how much will we lose? How about when we will go broke? No way! We want guarantees that we will not go broke? We want guarantees that we will live very well in retirement.This is why annuities work for us and why we will do only a small percentage in index stocks.

3. http://answers.yahoo.com/question/index;_ylt=AoDfSxrELIvWzXoyoPMhPlbzy6IX?qid=20060915163237AAoeMk3
These annuities have no chages or fees I get all that I listed. in other question.
Risk story is not true we lost $1.2 million.
Read all the backgroud from all links!
What negative return Jeff. Did you read what I did?
$479,905 got us $5,000 a month for 10 years
$913,030 got us $5,000 a month for as long as we both live

Of the $10,000 a month $6,560 is tax free

$500,000 at 5.10% for 5 years will be $641,185 in 5 years
$500,000 at 5.25% for 10 years will be $834,000 in 10 years

All interest is not taxed unless we take it out. These rates are guaranteed not to change.

Next is where our interest we earn depends on a stock market index.

$750,000 in a 7 year index annuity

$750,000 in a 14 year index annuity – this one gave us a $75,000 bonus and it’s in our account now.

What about all the tax savings. Do the math!
Van Jon – Financial Advisors lost $1.2 million of our hard earned money in 8 years. I don’t want others to get hurt! Annuities are a better way!

This is the story the buy and hold managers have been telling for years and it is drilled into every Financial Advisor Training program out there..

Rolling 10 Year periods was the biggest training concept for many years.

Since it will not work for 10 year periods starting in late 1998, 1999 & 2000, they adjusted the training to use 15 year periods.

Interesting tidbit, the more conservative who don’t want egg on their face again are saying to use 20 year rolling periods. The market can not possibly show a loss over a 20 year period. Can it??????

Well " Past performance is not a guarantee of future results"

The universal statement that gets all Financial Advisors off the hook.

I agree Annuities Solve More Financial Needs for more age groups than any other Solution!

Annuities are The Best SAFE MONEY products! The three best are the following:

1. Immediate Annuities – For Guaranteed Monthly Income for Life, Joint Life or for a Period of Time: Go here to learn more – http://www.jdsannuities.com/immediate_annuities

2. Fixed Index Annuities ——Where your account value does NOT Decline in Value. —–Where the Credited Interest to your account does NOT Decline in Value. ——-Where the interest you earn each year is based ONLY on the Upside of a Stock Index (You would accept a Cap on the Upside of say 8% in exchange for not having your account decline in value, wouldn’t you???? I know I would!!!!) The Cap varies by company & annuity and is usually guaranteed for 1 year. Other crediting methods are also available. To Learn more Visit: http://www.jdsannuities.com/index_annuities

By the way, the way the insurance company is able to vary the interest you earn which is based on a stock index is by the use of a derivative for the interest part only.

Fixed Deferred Annuities – Where you have a wide selections of multi-year guaranteed rates or for 1 year, 3 years or 5 years. most are 5 to 10 year products. To Learn more and see most of the rates for yourself visit: http://www.jdsannuities.com/annuity_rates

To view the overall website for Annuities visit: http://www.jdsannuities.com

This Side of Heaven A Novel

Annie Warren always wanted the best for her son, Josh. But years of failure and bad choices created a heartbreaking distance that has grown far worse since the day Josh was hit by a drunk driver. Now on medical disability, Josh has put his life on hold for years, waiting for the insurance company to send a settlement that never seems to come. Worse, he believes the story of a scheming woman who claims they have a seven-year-old daughter named Savannah. Despite the unlikelihood and complete lack of evidence, Josh dreams of being a father and is determined to one day claim the child. His family doesn’t know the full story. They don’t know what happened the night of the accident that was worth the chronic pain Josh suffers every waking minute, or that he is turning his life around. They haven’t seen that Savannah’s eyes are his, and they don’t know how desperately the little girl needs her family. When the settlement that rightly belongs to Josh is threatened, Annie sets out to defend her son. But she might find a treasure more valuable than money, one she never expected, one that is the greatest gift her son could ever give her–THIS SIDE OF HEAVEN.

(more…)

The Incredible Investment Book

The Incredible Investment Book by Charles G. Salisbury Chuck delivers what many other promise. The most successful investment in the Unites States is not stocks, bonds, mutual funds, commodities, annuities or any related products. The best investment is Real Estate and this book outlines the best way to invest in income property. There isn’t a better investment in America today and you will learn why be reading this informative book. The interest in real estate investment has never been higher. More seminars, books, tapes and promotion on radio, T.V. and newspapers validates the public’s realization that real estate is the number one way to build wealth in America and there isn’t a close second. However, many books, tapes and seminars are a rehash of old ideas that create great copy and promise riches but most are out of touch with today’s market. People following these old useless ideas will not enjoy the positive experience and growth available by knowing what to do today and why.

(more…)

I was in an auto accident thats the other persons fault and there going to be offering a pain and suffering.?

there going to offer me a pain and suffering settlement. It was a pretty bad accident. A girl pulled out in front of me when i was doing about 55 mph and i hit her ended up rolling and totaling my car, it was in pieces. I’m lucky i’m alive is what all the cops and medics said. I ended up with just a broken hand and bad whiplash, and bad bruising on my chest from the seat belt and airbag.Any way the accident is her fault and her insurance is going to be offering me a pain and suffering settlement. what do you think would be a fair settlement. any answers would be helpfull. thankyou d_eez2000
I also had a cast on my hand for 2 months. couldn’t do things i would normally be doing as go fishing or dirt bike riding. I was afraid to drive for months because the nature of the accident and how close of call it was on my life. My wife also gave birth to are child a month after the accident, i just thank god she wasn’t with me. Any way it was hard for me to hold my baby or anything for the first month of her life. I visited the doctor several times got 5 xrays was on vicoden for 2 months, the doctor also told me it could be a year before it totally heals and that i’ll have permanent cosmetic defects like my knuckle is not there anymore and theres still a lump where the break was and this was almost a year ago.

Pain and suffering is based upon the injury and not necessarily the damage to the vehicle or the severity of the impact. They look at factors like the duration of your treatment and the impact the injury has had on your life. Without knowing that information I am unable to give you a fair assessment.

Business Finance help?

Mr. Rambo, President of Assault Weapons, Inc., was pleased to hear that he had three offers from major defense companies for his latest missile firing automatic ejector. He will use a discount rate of 12 percent to evaluate each offer.

Offer 1
$500,000 now plus $120,000 from the end of year 6 through 15. Also, if the product goes over $50 million in cumulative sales by the end of year 15, he will receive an additional $1,500,000. Rambo thought there was a 75% probability this would happen.

Offer 2
25% of the buyer’s gross margin for the next four years. The buyer in this case is Air Defense, Inc. (ADI). Its gross margin is 65%. Sales for year 1 are projected to be $1 million and then grow by 40% per year. This amount is paid today and is not discounted.

Offer 3
A trust fund would be set up for the next 9 years. At the end of that period, Rambo would receive the proceeds (and discount them back to the present at 12%). The trust fund called for semiannual payments for the next 9 years of $80,000 (a total of $160,000 per year). The payments would start immediately. Since the payments are coming at the beginning of each period instead of the end, this is an annuity due. To look up the future value of the annuity due in the tables, add 1 to n (18 + 1) and subtract 1 from the value in the table. Assume the annual interest rate on this annuity is 12% annually. Determine the present value of the trust fund’s final value.

Required:
Show work and find the present value of each of the three offers and then indicate which one has the highest present value.

For each payment that would be received in each offer, you need to discount it to the present value. Then you add all the present values of each payment for each offer. To discount each payment to the present value, you divide it by ((1+i)^n.)
i is the interest rate, which in your question would be 12%.
n is the number (which would be years if the interest rate is presented as an annual rate.)
^ means exponent
* means multiply

For example, in offer 1 the present value of the $500,000 that would be received now is the full $500,000. Then the first $120,000 payment gets received in 6 years, so 120,000/(1.12^6) = $60,795.73 which is the present value. That number can be seen as the amount that would have to be invested today to grow to $120,000 in 6 years at a 12% annual rate.
So for each payment that would be received in offer 1, you discount them to the present value and add the present value of each payment. Then you do the same for offers 2 and 3 and find which one is the largest amount.

You also need to consider things like the 75% probability in offer 1. To account for that, you multiply the amount that would be received by the probability rate (1,500,000*.75) to get a net amount. Then you discount that to the present value to include it with the other payments.

can anybody explain this in a way for dummies?

w
The story of westward expansion by European Americans is a basic theme of the American experience, but it is also a history Indian removal from their traditional lands. Indians lost their lands through by purchase, war, disease and even extermination, but many transfers of Indian land were formalized by treaty. The Constitution of 1789 empowered Congress to "regulate commerce with foreign nations, and among the several States, and with the Indian tribes. Federal policy regarded each tribe as a sovereign entity capable of signing binding treaties with the United States government. In the first 40 years of the new republic, the United States signed multiple treaties with Indian tribes which usually followed a basic pattern: the signatory tribe withdrew to a prescribed reservation and in return the Federal Government promised to provide supplies, food, and often an annuity. In 1830, Congress chose to disregard Indian treaty guarantees when it passed the Indian Removal Act, a bill engineered by President Andrew Jackson. Despite its language suggesting a voluntary and fair "exchange" of lands, the act opened the door for the militias of trans-Appalachian and southern states to simply drive the Indians across the Mississippi by force. The Indians destination was to be an "Indian Territory" set aside west of Iowa, Missouri, and Arkansas.
if you want hecka points for best answer HELP ME OUT!
i wish i could give points to all of y’all that helped me all of u guys helped a lot.

Basically,
In the Beginning, the Europeans ran off, killed or laid waste to the Indian population. The Indians couldn’t handle the European diseases, so they died.
Then the Europeans said,"hey, let’s make this ‘legal’. We’ll sign these treaties and give you these pieces of land. We’ll make a deal with each individual tribe." The Indians said, "OK"
Then the Europeans said, "hey, we’ll give you food, supplies, and some cash. You just give us the land we let you have." The Indians said,"ok"
Then in 1830, Congress decided to ignore the treaties. They said, "hey, we’re going to REMOVE you to this designated area in the West. It’s land just as good as what you have now, but it’s out west." The Indians said, "um, no thanks". Then the Americans said,"sorry, go quietly, or in front of a gun. YOU ARE GOING." (Hence the Trail of Tears walked by the Cherokee from their homes to their reservation).
The Indians were forcibily settled in the "Indian Territory".