What’s better than securing your financial future and peace of mind with disability insurance?
Saving thousands of dollars over the lifetime of your policy with discounts!
This quick and easy guide to disability insurance discounts for doctors will give an inside look at the five main types of discounts available.
The journey to financial security begins during residency and fellowship, where training discounts become available. These special offers are designed exclusively for those in the early stages of their medical careers, emphasizing the necessity of acting swiftly to capitalize on these savings.
Waiting until after training to purchase a policy could leave thousands of dollars in savings on the table. Pattern analyzed more than 5,000 policies and found that doctors who purchased their policy as an attending pay 18% more in annual premium-to-benefit amount compared to doctors who purchased as residents.
The insurance application process is often an archaic one, with many brokers relying on pen and paper applications. In order to fully transition into the digital age, some carriers incentivize brokers to do their business electronically and offer a small discount for clients for doing business online. Luckily for Pattern's clients, that's all we do. If an e-apply discount is available, doctors will get it.
This is a discount offered based on how you structure your mental health coverage. Even if your mental nervous condition is not covered, many carriers still offer the discount.
Preferred occupation discounts help carriers be more competitive to gain a certain medical specialty’s business.
If you didn't secure a policy in training, there's a chance you could get a professional discount. These are discounts for your attending employer. Unlike training discounts, professional discounts are very rare, do not apply to all carriers, and tend to be very specific to location.
Securing a great policy that is wallet-friendly with Pattern is quick and easy. Get started with a free quote request, then compare your options with available discounts with an expert, and buy your policy with confidence.