Flexible Financial Options
At our Life Plan Community, the financial benefit of Life Care means you pay a one-time Entrance Fee and a Monthly Service Fee (based on the apartment style you select). All services, amenities, and long-term health care are included under our Type A Residency Agreements. The only difference is the amount of refundability.
Choose the investment option that is right for you, with three plans that let you keep control of your money.
90 Percent Refundable (Higher Entrance Fee)
This high refundability option gives you the flexibility to move away, if you choose, and be refunded 90 percent of your entrance fee to roll into a new living arrangement. It also provides peace of mind of leaving something in your estate should you decide to permanently live at Three Crowns Park.
50 Percent Refundability (Lower Monthly Fee)
This option assures that 50 percent of the entrance fee is refunded should you decide to move away, and has a lower monthly service fee than the two other options.
0% Refundable (Lower Entrance Fee)
To enable you to retain some of your assets to invest or spend as you would normally, the entrance fee in this contract “spends down” six percent your first month with us, and two percent each month thereafter. After 48 months, the refundability reaches zero, with no refund back to you or your estate.
A Note for Couples
Couples that come to Three Crowns Park are offered full Life Care benefits for two people with a reduced second person Entrance Fee and Monthly Fee.
To Discuss Your Financial Options
For help deciding which may be best for you, meet with our expert staff and receive personal guidance. Schedule a meeting — call (847) 328-8700 or contact us online.
Your application for residency is qualified based on health and finances. Cost of living/operation increases to the monthly service fee may occur.
Your legacy can live on through care, compassion, and community.
Including Covenant Living in your estate plans is a meaningful way to support benevolent care for future residents. Learn more about joining our Legacy Circle and the many ways to leave a lasting impact.
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For Esperanza Villalobos, Director of Housekeeping at Covenant Living at the Samarkand, giving back is personal.
She not only supports the Benevolent Care Fund herself - she inspires her entire Facilities Management Team to do the same, raising $3,000 this year for the residents they care for every day.
"I want to give back a little bit of what the residents give to me and my team. They put their trust in us and make us part of their family. It's an honor to help them live with digninty and peace of mind." ... See MoreSee Less
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Starting a conversation about assisted living can be tough, but it’s an important step to ensure their well-being.
At Covenant Living, we encourage open conversations about the benefits of assisted living—whether it’s reducing the stress of home maintenance, ensuring access to care, or allowing them to enjoy the activities they love. Having this discussion now can provide peace of mind for everyone.
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