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.
It's Feature Friday! 🎬🏗️
We're looking back at the exciting expansion at Covenant Living of the Great Lakes in Grand Rapids, where crews broke ground on 36 brand-new cottages. 💛
These homes were designed to offer the best of both worlds: the privacy and independence of cottage living, plus the dining, social, and fitness connections our residents love. A whole new neighborhood in the making! ✨
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August is Make a Will Month—a great reminder to review your estate plans and ensure they reflect your current wishes.
Having an up-to-date will can help protect your loved ones, reduce confusion, and provide peace of mind for the future. Taking the time to put a plan in place today can make things much easier for those you care about tomorrow.
Experts recommend reviewing your will every three to five years to ensure it continues to reflect your wishes and any life changes.
Learn more and access helpful estate planning resources here: ... See MoreSee Less
Just a moment...
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This National Health Center Week, we want to take a moment to recognize the vital role health centers play in keeping our communities healthy, supported, and strong.
At Covenant Living, we’re proud to offer compassionate care that nurtures the whole person — body, mind, and spirit. From wellness screenings to specialized services, our health teams are here to help residents thrive each day.
Join us in thanking the dedicated professionals who make this possible! 💙 ... See MoreSee Less
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