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.
Today, we pause to remember the lives lost on September 11, 2001, and to honor the bravery of first responders, service members, and everyday heroes who answered the call.
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This September, we recognize World Alzheimer’s Month — a time to raise awareness, show support, and honor those living with Alzheimer’s and other forms of dementia. 💜
At Covenant Living, we’re committed to fostering compassionate care, advancing education, and supporting families every step of the way.
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At Covenant Living, many friends have found meaningful ways to leave a lasting legacy—supporting the communities they love for generations to come. From honoring family traditions to creating opportunities for others, there are thoughtful ways to make a difference that reflects what matters most to you.
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