Employer-sponsored group long-term care insurance generally has all of the following characteristics EXCEPT?

When evaluating the characteristics of employer-sponsored group long-term care insurance, it is important to note that one of its defining features is that it is typically renewable. This means that as long as premiums are paid, the coverage can be continued without being canceled by the insurer.

Additionally, employer-sponsored plans are usually more economical than individual long-term care insurance plans because the risk is spread over a larger group of participants. This group dynamic often allows for lower premiums compared to what an individual would pay for a similar level of coverage.

One characteristic that does not typically apply to these types of plans is being noncancelable. While individual long-term care insurance policies can sometimes be written as noncancelable, group policies are usually set up in a manner that allows the insurer to alter terms or premiums as they see fit, especially when it comes to renewal periods.

Lastly, while some employer-sponsored plans might offer conversion options, this characteristic is not universally applicable across all group long-term care insurance plans. Therefore, the assertion that employer-sponsored group long-term care insurance is noncancelable is the one that does not hold true for this type of coverage, rendering it the exception within the context of the characteristics described.