Yes, you are correct.....
However, note that it is presumed that you will continue to earn more over your lifetime - raises, promotion opportunities, etc. So, for example, if you can earn $400 / week now - it is commonly understood that you should be able to earn something more than $400 10 years from now. This would in turn lower the weekly benefit rate.
So the amount (for settlement purposes) would not be the full amount. When I'm measuring settlement of future wage loss, I usually aim for 50%-65% of the full value.
However, note that it is presumed that you will continue to earn more over your lifetime - raises, promotion opportunities, etc. So, for example, if you can earn $400 / week now - it is commonly understood that you should be able to earn something more than $400 10 years from now. This would in turn lower the weekly benefit rate.
So the amount (for settlement purposes) would not be the full amount. When I'm measuring settlement of future wage loss, I usually aim for 50%-65% of the full value.