Which of the following is NOT an individual risk exposure?

The correct answer identifies premature retirement risk as not being an individual risk exposure. Individual risk exposures typically refer to potential setbacks or vulnerabilities that can significantly impact an individual's personal finances or well-being.

Earnings risk pertains to the uncertainty of future income, which can be affected by job loss or wage fluctuations. This directly impacts an individual's financial security and is thus classified as an individual risk.

Health risk encompasses the potential for illness or medical issues that can lead to high healthcare costs and loss of income during recovery periods. This also affects an individual’s financial stability, categorizing it as an individual risk exposure.

Longevity risk refers to the possibility of living longer than expected, which can erode retirement savings and pose challenges to maintaining one’s standard of living as time goes on. This is a concern for individuals as it directly impacts their planning for retirement funds.

In contrast, premature retirement risk is more about the timing of retirement rather than a direct personal risk with immediate financial implications. While it could influence financial planning, it is often associated with broader economic factors, employment trends, or organizational decisions rather than individual circumstances. As such, it is categorized differently from the discussions of individual risk exposures.