Under what circumstance might a long-term care policy be cancelled by the insurer?

A long-term care policy may be cancelled by the insurer primarily for non-payment of premiums. This is a common practice across many types of insurance policies, as it is essential for the insurer to receive regular payments to maintain the coverage. When a premium is not paid, the insurer typically initiates a grace period and may later cancel the policy if payment is not made within that time frame.

While other circumstances may involve changes or updates to the policy, they do not usually constitute grounds for cancellation. It is generally not standard for an insurer to cancel a long-term care policy without a valid reason such as non-payment. Moreover, cancellation at the policy's anniversary date is not a common practice; policies usually remain in force as long as premiums are paid and the terms are followed. Therefore, understanding the precise conditions under which a long-term care policy can be cancelled is crucial for policyholders to avoid any discontinuation of coverage that they rely on for long-term care needs.