Which of the following is not a category of risk that people face?

Investment risk is indeed not classified as a category of risk in the context typically discussed in general insurance. The categories of risk people face generally encompass personal, property, and liability risks.

Personal risk refers to the potential for loss or harm to an individual’s wellbeing, such as health issues affecting an individual's ability to earn income. Property risk involves the potential for loss or damage to physical assets due to events like theft, fire, or natural disasters. Liability risk relates to the possibility of being held legally responsible for damages to another person or their property.

Investment risk, while significant in financial contexts and considerations, is more aligned with financial markets and the potential for loss related to investments rather than being a traditional insurance risk category. This distinction underscores why investment risk does not belong in the same classification as personal, property, or liability risks in general insurance discussions.