Long-Term Care✓ Verified · outline & fact-checked · Sep 2026Difficulty 1/5
Individual long-term care policies are most commonly written on which renewability basis?
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Answer & full 3-part explanation (select an option above, or peek)
Why C is correct
Guaranteed renewable is the standard renewability basis for individual LTC policies: the insurer may not cancel or refuse renewal while premiums are paid, though class-wide premium increases are permitted. Cancellable, conditionally renewable, and optionally renewable forms give the insurer more latitude and are rarely used for LTC. AH-II.2 anchors the renewability classification scale for A&H products.
Why the other options are wrong
- A) Cancellable policies let the insurer terminate coverage, a feature LTC buyers would not accept.
- B) Conditionally renewable permits nonrenewal on stated conditions, weakening the LTC promise.
- D) Optionally renewable gives the insurer the option to renew, not the policyholder.
Memory hook
LTC renewability: guaranteed is the gold standard — cancellation is off the table while premiums are paid.