Disability Insurance – Types and Benefits

Christopher C. Babcock, MD, DMD, is an experienced dentist and business owner. He founded multiple business ventures, including Babcock Professional Services in 2017. As the company’s owner, Dr. Chris Babcock, MD, focuses on insurance services, especially disability insurance.

Disability insurance is a type of insurance that secures partial income for individuals who become ill or injured and can no longer work. Definitions of disability vary, but most insurance companies offer policies to individuals who can no longer perform their current job or any job at all. Some employers offer disability insurance. In other cases, employees may need to purchase their own insurance policies.

Disability insurance is available in two forms, short-term and long-term. Short-term policies cover several months but may last up to two years. The most common causes of short-term disability claims are pregnancy and musculoskeletal conditions.

Long-term policies provide benefits for years and may cover employees for life. It’s designed for longstanding conditions, such as cancer and cardiovascular disease.

Disability insurance helps individuals when they become financially vulnerable as a result of their illness or injury. Additionally, it can support small business owners by covering their business expenses and loans.

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