Final answer:
True, property and casualty, life insurance, and health insurance are among the most popular forms of insurance for individuals, as they provide comprehensive financial protection in various critical areas of life.
Step-by-step explanation:
The statement that the most popular forms of insurance for individuals are property and casualty, life insurance, and health insurance is true. Individuals often purchase various types of insurance to protect against financial losses. Health insurance helps cover medical expenses; car insurance covers losses due to automobile accidents; house or renter's insurance provides protection for stolen items or damages due to fire; and life insurance offers financial support to a family after the insured individual's death.
These insurance types are either obtained through employment-based insurance plans, provided in part or whole by an employer or union, or through direct-purchase from private companies. Additionally, insurance operations must ensure that the average person's premiums over time are enough to cover claims, operational costs, and company profits.