Percent More or Less than Average Premium
Policy Options from All of the Big Five Companies:
Unisex Policies Offered
*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.
With more than 5.75 million residents, Minnesota is the 12th largest and 22nd most-populated U.S. state. Minnesota is located in the upper Midwestern United States and consists of western prairies, deciduous forests, and more than 14,000 bodies of fresh water. In total, Minnesota covers almost 87,000 square miles, including 79,600 square miles of land and 7,300 square miles of water.
Of the 5,707,390 residents in Minnesota, approximately 9,700 are active physicians working in a variety of specialty areas, which include:
Emergency medicine: 975
Endocrinology, diabetes, and metabolism: 179
All other specialties: 3,777
In recent years, Minnesota has been known for having low rates of premature death, infant mortality, cardiovascular disease, and occupational fatalities. Because of the state’s many health rankings, Minnesota has been considered one of the healthiest states in the U.S.
Choose Pattern for Disability Insurance Guidance
As an important factor for financial security, physician disability insurance is a type of insurance that provides income in the event that you are unable to work due to an injury or illness. Your disability could be from a long-term illness to a disabling accident, which either could take your career and financial stability.
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 Companies 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.
The Big Five Companies
As we covered in Chapter 4 of the 2021 Guide to Disability Insurance, there are a variety of companies that provide a form of disability insurance. However, when it comes to physician disability insurance, there are five exceptional companies that offer it. Known as the “Big Five,” these companies work with us in Minnesota to present you with personalized quotes for your disability insurance policy.
The Big Five Companies include:
When looking at your physician disability insurance policy options, remember that each policy can vary in price, disability definition, medical requirements, financial ratings, and claim satisfaction. All of these factors must be considered when deciding on the comprehensive quality of your disability insurance policy.
If you’re still a bit perplexed about the importance of disability insurance for physicians, read our 2023 Guide to Disability Insurance.