Insurance policies protect our finances during uncertain events that could change our lives. In the case of an accident or medically related work loss, for example, disability insurance can replace a portion of our work income.
There are also other situations, such as loss of life, where life insurance policies can provide financial support for dependents.
One can never be too careful or predict life-threatening situations or a long-term disability, so choosing a reliable insurance partner is necessary to stay secure.
This review looks at Pattern Life Insurance and its operations and analyzes if it’s the right choice for you and your needs.
Key Takeaways
- Pattern Life simplifies insurance for doctors through a quick, three-step process.
- Focuses on own-occupation disability and term life insurance for physicians.
- Brokerage costs may be high, but they offer expert guidance and advocacy.
- Alternatives like Physicians Thrive offer broader services beyond disability and life insurance.
Table of Contents
Pattern Life: Overview
The process involved with securing insurance policies can be somewhat complex. Yet, the need to simplify this process for physicians is what drives Pattern Life.
Pattern Life began more than ten years ago with two close friends who started with the idea of helping physicians protect their finances.
Over the years, Pattern has evolved into a specialized independent insurance broker, focusing on providing doctors with own-occupation disability insurance and term life insurance policies.
How It Works
Pattern Life follows a three-step process, making it easy for clients to get what they need in a stress-free way.
The process starts with requesting free quotes for one of their insurance packages. To do this, you’ll need to fill out an online form with drop-down options. Typically, there are only about three questions, so you don’t have to worry about spending too much time on this step.
Once you’ve submitted the form, Pattern Life will reach out to explain your options and suitable insurance policies that offer what you need. This helps ensure that you know what you’re buying before paying for it.
If you’re convinced you and Pattern Life made the right choice, you can then secure your policy. Pattern Life will handle all the paperwork and get things running.
Pattern Life: Insurance Products
Pattern Life supports only two categories of insurance policies.
Disability Insurance
Some physicians often have trouble understanding disability insurance and what it means for them. Even more, they may not know the difference between the types of disability insurance or what type is implied by their contract, which can be risky.
Pattern Life strives to ensure that its clients don’t experience these challenges. They start with a basic but detailed guide on their site, providing you with the knowledge to get started.
You’ll also find reviews of their top providers for disability insurance policies. After reading, you can choose what’s best or book for a consultation to make your options clearer.
Life Insurance
Like disability insurance, you can also learn about life insurance policies on their site. After that, you can request a quote to understand your options.
Pattern Life claims to have helped over a thousand doctors get the right life insurance package. The reviews from several past clients verify these claims.
Pros and Cons of Pattern Life
| Pros | Cons |
| The experts at Pattern have been doing this for years and can guide your decisions. | It can be hard to choose, given multiple insurance options. |
| Their priority is to ensure you get the best offer | Brokerage costs can be expensive for the average physician. |
| In the event of a claim, they can act as an advocate, guiding you through the process. | |
| You can compare multiple policy options without having to do a single search. |
Other Physician Insurance Options Like Pattern Life
In addition to Pattern Life, there are other physician-focused insurance brokers to consider. However, Physicians Thrive stands out due to its wide range of offerings that go far beyond just disability and life insurance.
| Feature | Physicians Thrive | Pattern Life | LeverageRX | Doctor Disability Shop | MGIS |
| Disability Insurance | Yes | Yes | Yes | Yes | Yes |
| Term Life Insurance | Yes | Yes | Yes | No | No |
| Permanent Life Insurance | Yes | No | No | No | No |
| Group Benefits (Disability, Life, AD&D) | Yes | No | No | No | No |
| Malpractice Insurance | Yes (via #1 broker in the world) | No | Yes | No | No |
| Health Insurance | Yes | No | No | No | No |
| Retirement Planning (403b, 457, 401k, Profit sharing, Cash Balance Plans, Deferred Comp) | Yes | No | No | No | No |
| Private Equity Investments | Yes | No | No | No | No |
| Passive Income (via Real Estate) | Yes | No | No | No | No |
| Student Loan Management Resources | Yes | No | No | No | No |
| Physician Loans | Yes | No | No | No | No |
| Income Tax Reduction Services | Yes | No | No | No | No |
| Home Buying/Selling and Relocation Services | Yes | No | No | No | No |
| Private Practice Startup Services | Yes | No | No | No | No |
As the table demonstrates, Physicians Thrive offers a comprehensive suite of services, far surpassing its competitors, including Pattern Life.
Physicians Thrive is committed to helping doctors not only protect their income but also secure their financial future in diverse ways, from tax reduction services to passive income opportunities through real estate and private equity investments.
| Physicians Thrive | LeverageRX | Doctor Disability Shop | MGIS |
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Final Thoughts
Insurance brokers like Pattern Life can do much of the heavy lifting and paperwork that comes with dealing with insurance policies. On the brighter side, this can save you time and stress. Yet, you still have to pay for the extra convenience.
If you’re looking for an alternative to Pattern — one that offers you all of its benefits and even more — you can check out Physicians Thrive. Our experts are ready to help you at every turn. Request a free quote today!
