Percent More or Less than Average Premium
Male: -5.76%
Female: -2.31%
Policy Options from All of the Big Five 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 consult with one of our advisors.
Located in the Midwest United States is Iowa, which is bordered by the Mississippi River to the east and Missouri and Big Sioux Rivers to the west. Iowa is home to a resident population of 3.1 million people over almost 56,000 square miles of area.
As of 2020, Iowa’s top economic sectors include advanced manufacturing, processing, financial services, information technology, biotechnology, and green energy production. Despite health care not being one of the top economic sectors of the state, there are 4,332 active physicians in Iowa. This means the patient-to-doctor ratio in the state is 736 patients for every 1 doctor.
The 4,300 active physicians in Iowa work in a variety of specialties including:
Surgery: 557
Anesthesiologists: 487
Radiology: 437
Psychiatry: 378
Emergency medicine: 437
Cardiology: 274
Oncology: 152
Endocrinology, diabetes, and metabolism: 48
All other specialties: 1,634
For active physicians in Iowa, the optimal way to achieve exceptional financial security is to get physician disability insurance. Disability insurance is something you pay into every year to ensure that you can collect benefits in the event that you become disabled and can’t perform your job duties anymore. While physician disability insurance generally is dependent on a variety of factors (e.g. your income, medical history, age, health), on average it costs just 1–3% of your annual salary.
When looking for disability insurance for doctors, it’s important to know who the Big Five are. As we explain in Chapter 4 of our Disability Insurance Guide, there are five main companies that offer exceptional physician disability insurance:
While you have the freedom to reach out yourself and contact each of the Big Five for disability insurance policy quotes, you may have trouble establishing refined policies that meet all of your needs. Your better option is to work with Pattern to help you in the process, which comes at zero cost to you and saves you considerable time.
At Pattern, our goal is to provide you with the resources and expertise needed both to fully understand physician disability insurance, but also to find the best policy for you. As an independent agency, we don’t have any affiliation with any of the Big Five and are only looking out for your best interests.
When you work with Pattern, we work with you to complete 3 simple steps:
Request your quotes: you fill out a quote request form, and we submit it to each of the Big Five Companies
Compare your options: you review and compare your five quotes. Your Pattern support team will be there to guide you through the policies, answer your questions, provide examples, and make sure you have a clear understanding of each policy.
Apply and buy: after you’ve made a decision, we will help you complete and submit a short application. From there, we will handle the insurance paperwork and get your income insured.
For frequently asked questions about physician disability insurance, visit Chapter 8 of our Guide to Disability Insurance!