Absolutely true with one exception that I'm aware of. I'm retired now but I was a road warrior and one day I got a package and a letter in the mail from Hilton saying I was Diamond for Life. It was a nice letter and a gift, but I had no idea it was coming. In fact, I never heard of that level, so I called them to find out why. They told me it was because I made Diamond every year for 10 years straight. I knew then it was time to retire!! 🙂