A guaranteed renewable LTCI policy mandates that coverage will end if premiums are not paid.

A guaranteed renewable long-term care insurance (LTCI) policy ensures that the insurance company cannot unilaterally cancel the policy or refuse to renew it as long as the policyholder continues to pay the premiums. However, if the premiums are not paid, the policy can lapse, and coverage will end.

This means that while the insured has a right to renew their coverage, it is contingent upon the timely payment of premiums. If premiums are not paid, the insurance company is not obligated to keep the policy active, thus making the statement in the question false. Understanding this nuance is essential for recognizing the terms of guaranteed renewable policies and the importance of maintaining premium payments to ensure ongoing coverage.