What does Voluntary Insurance mean? Read on to discover the definition & meaning of the term Voluntary Insurance - to help you better understand the language used in insurance policies.
Voluntary insurance is a type of workplace benefit. Employers set up these plans so their employees have the option to buy more insurance coverage. Some common types of voluntary insurance include life, dental, disability, vision, and critical illness insurance.
We hope the you have a better understanding of the meaning of Voluntary Insurance.