Summary Of Alaska Specific Policy Features*

Percent More or Less than Average Premium

Male: -0.79%

Female: 2.83%

Policy Options from All of the Big Six Companies:

Yes

Unisex Policies Offered

No

*The information on this page is accurate as of the date this page was created, September 2021.  Policies and discounts vary by individual circumstances. For information on your specific options, please console with one of our advisors.

Have you considered getting physician disability insurance in Alaska? Whether Alaska is your home state or where you’re currently practicing medicine in, getting physician disability insurance is one of the most important steps to complete after schooling. You’ve already invested thousands of dollars and several years into your medical education, investing in income protection should be a no-brainer—especially when working with Pattern to help find the best physician disability insurance.


The primary benefit of disability insurance is the replacement of income if you are unable to work. Your career is hugely dependent on your ability to perform your required duties using your knowledge and your hands. Do you know the repercussions if you get injured somehow and aren’t able to use your hands with your job? Can you guarantee that you wouldn’t lose your job? If you lost your job, do you know where your source of finances would come from? If you don’t have disability insurance, your thousands of dollars and hours spent on your career would be a loss.


Physician disability insurance could save you from the grief of the loss of your career and also the stress of having to change your lifestyle from the loss of your income. Disability insurance replaces your paychecks and allows you pay for:


  • Car payments

  • Student loans

  • Mortgage

  • Medical and dental costs

  • Rehab expenses, and more.



ALASKA STATS

Located in the northwest extremity of North America, Alaska is by far the largest U.S. state by area and one of the smallest by population and economy. Alaska covers a total land and water area of almost 665,000 square miles, and the highest elevation reaches 20,310 feet


Of the more than 730,000 residents in Alaska, less than 900 are active physicians working in a variety of specialties including:


  • Psychiatry: 105

  • Surgery: 81

  • Anesthesiologists: 80

  • Emergency medicine: 124

  • Radiology: 67

  • Cardiology: 39

  • Oncology: 14

  • Endocrinology, diabetes & metabolism: 9

  • All other specialties: 312



THE BEST KIND OF DISABILITY INSURANCE

Once you’ve decided to consider getting physician disability insurance, the next step is to understand the best kind of disability insurance for your goals: this is true own-occupation. True own-occupation provides the strongest definition of disability and protection for physicians by paying you your full benefit if you can’t perform your specific duties (or specialty). The great thing about the true own-occupation definition is that you will be considered disabled and receive your full benefit payout regardless if you’re still able to work in another area.


Think of it this way: you are an endocrine surgeon who becomes disabled and can’t perform surgery, but can still work as a general endocrinologist or professor. If you decide to continue working as a general endocrinologist or in some other area, the fact that you can’t work as a surgeon means that you will be considered “totally disabled” and will get paid the full disability benefit amount.


This is huge. Yes, it’s possible that you won’t make close to the same salary you had before your disability. But you can still work and get paid to use your vast medical knowledge 



WHY WORK WITH PATTERN

At Pattern, we’re dedicated to helping you find the best physician disability insurance policy at the least amount of cost and trouble to you. There are only 6 companies (“The Big 6”) that offer disability insurance for doctors: Principal, Guardian, Mass Mutual, Ameritas, Standard, and Ohio National.


All you need to do is complete three steps to find the perfect policy for you:


  • Fill out a simple form to request policy quotes from the Big 6 companies. Pattern has representatives on hand to help you understand all aspects of the form, process, and to answer any questions you may have.

  • The Big 6 companies will provide you a policy from each for you to choose from. Our reps will walk you through each policy so you know what riders, features, or other benefits you would prefer to have in your policy.

  • Once you’ve decided on a policy, you will submit a short application and your Pattern reps will work with your chosen company to make sure you get what you want and that your income is fully insured.



If you’re still on the fence about getting disability insurance, we’ve created a comprehensive guide to help answer your questions and provide an in-depth look into what physician disability insurance is: Pattern’s 2022 Guide to Disability Insurance.