As the insurance landscape continues to evolve, it has highlighted the importance of Voluntary Insurance. This type of insurance gives the policyholder the power to enhance their medical insurance and reduce out of pocket expenses by providing cash benefits to the insured. Common types of voluntary policies can include:

 

• Cancer

• Accident

• Hospital

• Critical Illness 

• Disability

• Life

• Family Planning

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These plans can be purchased individually or with a payroll deduction through an employer. Coverage offered by an employer can reduce the premium and offer tax saving to both the business and their employees.