Group LTCI policies are contracts between the insurance company and the group as a whole.

Group Long-Term Care Insurance (LTCI) policies are indeed contracts that are established between the insurance company and a specific group, often composed of employees of a firm, members of an organization, or individuals connected through a commonality such as shared interests.

The assertion that group LTCI policies function as contracts between the insurance company and the group as a whole is fundamental to understanding how these policies operate. In such arrangements, the group effectively acts as a single entity, and the insurance coverage pertains to all eligible members of that group rather than individuals entering into separate contracts.

This structure allows insurers to offer more favorable terms, including lower premiums associated with group policies, as the risk is spread across all members of the group. Additionally, members may enjoy simplified underwriting processes or guaranteed issue policies, which are typically not available in individual policies.

Thus, the statement in question is false. Group LTCI policies execute their purpose on behalf of the collective, not individually, showcasing a uniquely structured agreement that reflects the group dynamics involved.