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.
Happy Labor Day from all of us at Covenant Living! 💙
Today we're celebrating the teams whose care and compassion make our communities feel like home. From our nurses and caregivers to our dining, housekeeping, and life-enrichment staff, thank you for everything you do.
Your hard work brightens our residents' days all year long. ... See MoreSee Less
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It's Feature Friday! 🎬📸
If you spot Bob Johns or Dan Ryan around Covenant Living of Turlock, they've likely got a camera in hand. As members of the community's photography club, they've helped bring home 29 ribbons from the county fair, including a best of show! 🏆
And it's not just photography. Resident Mary Austin discovered a love of painting after moving in, and she's already earning ribbons of her own. Proof that it's never too late to follow a new passion. 🎨✨
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Life changes, and sometimes your will should change with it.
It may be a good time to review your will or estate plan if you’ve recently:
• Moved or bought or sold property
• Experienced a major life event, such as a marriage, divorce or birth of a child
• Had a significant change in your financial situation
Taking a little time to make sure your plans still reflect your wishes can provide peace of mind for you and those you care about.
Learn more and explore helpful resources: bit.ly/4d4nKyc ... See MoreSee Less
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