Final answer:
An insurance agent handles various types of insurance including health, car, homeowner's, and life insurance, but not annuities, which are often used for retirement income.
Step-by-step explanation:
An insurance agent typically deals with various types of insurance policies, such as health insurance, car insurance, house or renter's insurance, and life insurance. These categories of insurance serve to protect individuals and families from financial losses due to medical issues, automobile accidents, theft or damage to property, and death, respectively. However, the question asks which type of insurance an agent does not typically handle. In this list, the one type of insurance not mentioned is annuities. Therefore, an insurance agent transacts all of the following types of insurance except annuities, which are financial products that provide a steady income stream, typically used for retirement.