Life-Insurance Recovery Calculator

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Name Claim Date

Calculating distribution shares * indicates required field

Error graphic. You must enter the Gross Recovery.

Click to compute:

Explaining the calculations
Use the calculation table above to see specific examples in this explanation.
Net Recovery
Net Recovery = (Gross Recovery − $40,000) (Attorney's Fees + Attorney's Costs)
= ( + )
Net Recovery equals zero if the result of this calculation is less than zero.
Net Recovery less Claimant's 25%
Net Recovery less Claimant's 25% = Net Recovery × Claimant's 25%
= ×
Balance
Balance = Net Recovery Net Recovery less Claimant's 25%
=
CVC Proportionate Share
CVC Proportionate Share = CVC Proportionate Share Percentage × Attorney Share
  CVC Proportionate Share Percentage = 100 (if Gross Recovery > 0 and Benefits Paid ÷ Gross Recovery > 1).
= Benefits Paid ÷ Gross Recovery × 100 rounded to two decimal places (if Gross Recovery > 0 and Benefits Paid ÷ Gross Recovery < or = 1).
= 0 (if Gross Recovery < or = 0).
= ×
CVC Reimbursement Share
CVC Reimbursement Share = Benefits Paid CVC Proportionate Share
=
Remaining Balance
Remaining Balance = Balance CVC Reimbursement Share
=
CVC Proportionate Share on Remaining Balance
CVC Proportionate Share on Remaining Balance = CVC Proportionate Share on Remaining Balance Percentage × Attorney Share
= ×
Attorney Share
Attorney Share = Attorney's Fees + Attorney's Costs
= +
Crime Victims Comp Share
Crime Victims Comp Share = CVC Reimbursement Share OR Balance (whichever is less)
= OR (whichever is less)
Claimant Share
Claimant Share = Net Recovery less Claimant's 25% + CVC Proportionate Share on Remaining Balance + Offset Share
= + +
Offset Share
Remaining Balance Subject to Offset = Remaining Balance CVC Proportionate Share on Remaining Balance OR zero (if Remaining Balance is less than zero)
= OR
Use the calculation table above to see specific examples in this explanation.

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