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.
Located in the Western region of the United States is Nevada, officially known as the “Silver State,” because of the importance that silver has had on its history and economy. Nevada is bordered by Oregon to the northwest, Idaho to the northeast, California to the west, Arizona to the southeast, and Utah to the east.
Nevada includes 109,781 square miles of land area and 791 square miles of water area, for a total of more than 110,500 square miles. As of 2020, the population was established to have more than 3.1 million residents, with roughly 21% of the population living in the state’s largest city of Las Vegas.
There are currently 3,243 physicians in Nevada who actively practice medicine in several different specialty areas including:
Emergency medicine: 416
Endocrinology, diabetes, metabolism: 40
All other specialties: 1,274
For physicians, 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. As we cover in Chapter 2 of our Guide to Disability Insurance, there are different types of definitions of disability including:
True own-occupation pays you your full benefit if you can’t perform your specialty, but can still be employed elsewhere. For example, if you’re a neuropsychiatrist who becomes disabled and can’t perform your specific duties, but decide to become a professor of psychiatry. You will be paid your full disability insurance benefit, while still collecting your income as a professor.
Transitional own-occupation is similar to true own-occupation, but your total net income can’t exceed the total original earned income from your former job. For example, say you were making $11,000 a month prior to your disability, and afterward, you began working as a teacher earning $6,000 a month. Your transitional own-occupation policy would pay you a $5,000 monthly benefit amount; this combined with your $6,000 from teaching would equal the $11,000 you were making before your disability.
With modified own-occupation, a person won’t be able to collect benefits even if that person wants to work in another profession. Options tend to be more limited than true or transitional own-occupation, with the physician either being totally disabled and living off their benefit check, or going back to full-time work without their benefit.
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.
For frequently asked questions about physician disability insurance, visit Chapter 8 of our Guide to Disability Insurance!