Which of the following is a common type of insurance?

Health insurance is considered a common type of insurance because it provides financial protection for medical expenses incurred due to illness, injury, or other health-related issues. This type of insurance covers a range of services, including hospital stays, visits to healthcare providers, prescription medications, preventive care, and sometimes dental and vision care. It is essential for individuals and families to have health insurance to help manage the high costs associated with medical care, making it a foundational element of personal finance and overall well-being.

While other types of insurance exist, they may not be classified as "common" in the same way that health insurance is. For instance, pension insurance, often related to retirement funds, is less about insurance in the traditional sense and more about retirement planning. Investment insurance, on the other hand, is a less common concept that typically refers to protection against losses in investment value, which is not a standard insurance product. Real estate insurance can encompass various types of property insurance but is more specialized and not universally applicable to all individuals compared to health insurance, which is a necessity for most.