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.
Winter weather can bring added risks for older adults, but with a few simple precautions, you can stay safe and comfortable all season long. ❄️
From keeping walkways clear to dressing in warm layers, small steps make a big difference.
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Today is Giving Tuesday—a day to celebrate generosity in all its forms. At Covenant Living, we’re dedicated to enhancing the lives of our residents and the communities we serve. Whether you contribute through donations, volunteer your time, or simply spread kindness, your support helps us create meaningful programs and experiences that enrich every day. 💙
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Noticing changes in an aging parent can be difficult, especially during holiday visits when families spend more time together. If you’ve begun to see shifts in memory, mobility, or day-to-day routines, it may be time to explore additional support.
Our latest free guide, 10 Things to Look for When Visiting Your Parents, walks through common signs that may indicate they could benefit from Assisted Living. It’s a simple resource to help families understand what to watch for and when to seek help.
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