Which of the following is not one of the six types of insurance?

Study for the New Mexico Health and Life Insurance Exam. Practice with flashcards and multiple choice questions, each question has hints and explanations. Prepare thoroughly for your certification!

Pension insurance is not classified among the six primary types of insurance because it specifically pertains to retirement plans and pension funding, rather than risk management against specific perils or losses. The recognized primary types of insurance typically include life, health, property, casualty, liability, and accident and health insurance.

Health insurance focuses on covering medical expenses, while accident and health insurance provides a safety net for loss of income due to sickness or injury. Variable annuity products fall under the category of life insurance, particularly related to investment returns and retirement income. These distinctions place pension insurance outside the standard insurance types that are primarily concerned with risk protection and compensation in times of loss.

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