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.
Oregon is a state in the Pacific Northwest region of America. It has an area measuring 98 thousand square miles, more than half the size of Texas or France but less than two-thirds the population density at around 40 people per square mile which makes it one-eighth more spacious than New York City! But don’t let its compactness fool you; this scenic button won many states when combined with all that nature makes Oregon truly special.
The United States Census Bureau determined that the population of Oregon was 4,237,256 in 2020, based on the 2020 United States census, a 10.71% increase over the 2010 census.
As of the 2010 census, the population of Oregon was 3,831,074. The gender makeup of the state was 49.5% male and 50.5% female. 22.6% of the population were under the age of 18; 63.5% were between the ages of 18 and 64; and 12.5% were 65 years of age or older
As of 2021, there are over 6,283 active physicians in Oregon working in a variety of specialty areas including:
Emergency medicine: 3,637
Endocrinology, diabetes, and metabolism: 260
All other specialties: 8,536
Are you one of the almost 6,283 active physicians in Oregon?
You might understand the importance of financial stability and having all the necessary steps aligned to back up your investments in a medical education. While having such an important career is great for providing you with dependable income security, it doesn't provide any type when disabled
A person's life savings can be lost in just one bad accident or illness which leaves them unable to work as before due to lack of insurance coverage–a major issue among many doctors today!
The real question to ask yourself is, "What kind of steps do I have in place if I can’t work, but can still get income?"
At Pattern, our goal is to provide you with up-to-date resources and expertise needed both to fully understand physician disability insurance, but also to find the best and most comprehensive 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.
As we explain in Chapter 3 of our Beginner’s Guide to Disability Insurance, there are several different definitions to understand to know what to look for in a policy. Knowing the following definitions will help you get the most out of your physician disability insurance policy:
Elimination Periods: All long-term policies have an elimination or waiting period (commonly 90 days), which means you must be disabled for a specific length of time before your policy will begin to pay your benefit. With a shorter elimination period, the cost of your policy will increase. A longer elimination period means you save money on your premiums.
Maximum Benefit Periods: Most long-term max benefit periods are set at age 65, but can vary. Many injury-driven disabilities are recoverable within a short amount of time, but 90% of physician disabilities are caused by a chronic illness and thus extend over a longer time.
Riders: As a helpful recommendation for doctors, riders are optional provisions that provide added benefits or flexibility.
If you’re in training to be a physician, one of the best times to find a good disability insurance policy is now because doing so could provide you with training discounts. If you’ve completed training and have begun your medical career, you should take the opportunity now to work with Pattern to find a comprehensive policy that meets your needs.
When you work with Pattern, our experts help 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!