See also earliest show-stopper

• Out of 100 CI insured healthy adults, how many would make a claim? In the TPD case, the percentage is much lower.
• Out of 100 CI claims, I guess a small number (10?) would become permanently unable to work. In the TPD case, the percentage is probably higher.
• Since my #1 concern is loss of income, CI insurance doesn’t meet my needs. Perhaps ElderShield and TPD offer partial protections. No effective insurance exists for job loss.

Looking at the PR chart, the biggest risk is (partial) loss of income, to the tune of $120k x 25Y = 3million. But what insurable events could cause such a loss? Not many:

• a horrific accident? low Probability(hit)
• disability and death? I did hear of middle-aged professionals getting hit with such things, but in my opinion low Probability(hit)
• major_illness leading to 1 ADL and full-time nursing care? Fairly low Probability(hit) but higher than TPD
• major_illness leading to occupational disability.. higher probability(hit) than ADL
• major_illness forcing us to take a more relaxed job at age 48, 53 or 59… Well, like many hardworking people, I already feel the strain of aging, parenting, competition from younger peers, lack of exercise etc. So far I didn’t like a lower-gear job, but a major illness could be the last straw to convince me? Plausible theory, but completely imaginary. I don’t know anyone having this experience.
• Without major_illness, growing too old to work 8 hours a day (like grandpa)? Not insurable!
• supply/demand … loss of competitiveness — is arguably the most likely cause but Not insurable

Just kidding — we wish there’s some “rate lock” product to “lock in” our current level of income! But no insurer would offer such a guarantee, because the insured guy can easily fake and exercise the option.