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.
Growth looks good on us! 🏗️💛
At Covenant Living, we are always looking for new ways to enhance the places our residents call home.
This week, we take a look at the exciting expansion happening at our Turlock community. From the ground up, we are building beautiful new spaces for our vibrant community to connect, thrive, and enjoy life together. Stay tuned for more updates! ... See MoreSee Less
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This quick assessment tool helps you or your loved one find the best options in just minutes! 🕒
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Moving to a senior living community shouldn’t mean leaving your passions behind—it should mean finding a place where they can truly thrive. 🌟 For many of our residents, the ability to continue their favorite lifelong hobbies was a major deciding factor in choosing Covenant Living.
This week we are shining a spotlight on our residents of Golden Valley creating unique and artistic wooden pieces, following their passion and building a community together! 🛠️✨
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