Voluntary insurance is a type of coverage that individuals can choose to purchase in addition to their basic insurance plans. This insurance is not mandatory and allows people to tailor their protection based on personal needs and preferences. Common examples include dental insurance, vision insurance, and life insurance. Employers often offer voluntary insurance options as part of their employee benefits package. Employees can select these additional coverages, which may help cover costs that basic insurance does not, providing extra financial security in case of unexpected events or health issues.