Summary Of South Dakota 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 are 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.


The scenic and rugged Black Hills of South Dakota is a perfect spot for outdoor enthusiasts. Home to 2 historical monuments carved right into towering granite peaks, Mt Rushmore features 4 U-S presidents who have helped shape our country's history as well Crazy Horse Memorial which celebrates a Native American tribal leader that upholds their heritage despite being billboards against Manifest destiny centuries ago by European settlers.


So if you're looking at getting out there then look no further than this beautiful state full of historic places.


The 2020 census shows that South Dakota's population has increased by 8.90% since 2010, ranking it fourth-lowest in terms of growth rate after Wyoming (6), Alaska(7 )and North Dakota which are all much smaller states than this one is sized at just over 800 thousand citizens! However despite its small size there have been some major changes occur within these last five years - not least being an increase women who account for half or more according to statistics from 2000 when they were 45%.


This statistic depicts the number of active physicians in South Dakota as of March 2021, ordered by their specialty area. At that time, in total, there were 975 active specialist doctors in South Dakota.

  • Radiology: 107

  • Emergency medicine: 55

  • Surgery: 116

  • Anesthesiologists: 72

  • Cardiology: 53

  • Oncology: 30

  • Endocrinology, diabetes, and metabolism: 9

  • All other specialties: 431


What Kind of Financial Security?

But what kind of financial security is best for you? As we discuss in Chapter 2 of our Beginner’s Guide, physician disability insurance is the optimal method to having protection from financial risk if you lose your income from an injury or illness. In order to qualify for disability insurance benefits, you have to meet the definition of disability that’s outlined in your specific policy.


True own-occupation disability definition is the best way to protect your benefits. With this type of policy, if you can’t do work as a physician and need support with income because of disabilities then this will be paid for by an employer who has purchased true ownership over their practice on contract renewal or when taking up new business opportunities where they provide full coverage instead just like modified policies but without any restrictions regarding what other jobs may come along during retirement age

An example of true own-occupation is if you’re a neuropsychiatrist who becomes disabled from an accident or serious illness. You will be able to collect on your full disability insurance benefit amount, and still qualify for disability if you want to work as medical professor or some other job.



How to Find the Best Policy

When you work with Pattern experts, we serve as the middle person between you and the Big 6 Companies that offer physician disability insurance. We are well aware that physician disability insurance is a very complicated subject with many aspects. That’s why we created a Beginner’s Guide to Disability Insurance, and the focus of our brand is to help you find your best policy.


Working with Pattern consists of you completing 3 simple steps:


  1. Request your quotes: you fill out a quote request form, and we submit it to each of the Big 6 Companies

  2. Compare your options: you review and compare your six 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.

  3. 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.


Begin the process today!