“Pecuniary loss” is a term often used in situations when a family member has died. It is a term utilized in insurance law and personal injury cases. It describes how much money the person would have earned over a lifetime. If, for instance, the deceased was 30 years old and earned $35,000 / year, we would calculate how much money he or she would have earned over the next 30 – 35 years. Typically, we have an economist calculate these numbers for us, so we can be as close to accurate as possible. However, obviously, this projection cannot be entirely precise. There are many variables to consider.