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.
July is UV Safety Awareness Month — and sun protection is important at every age. For older adults especially, taking a few extra steps can help keep skin healthy and strong all summer long.
Here are a few simple tips:
• Wear lightweight clothing that covers arms and legs
• Use broad-spectrum sunscreen (SPF 30 or higher) and reapply often
• Avoid peak sun hours (10 a.m. – 4 p.m.) when possible
• Don’t forget sunglasses and a wide-brimmed hat
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Happy Fourth of July from all of us at Covenant Living!
Today, we celebrate the values of freedom, unity, and gratitude.
Whether you’re gathering with loved ones or enjoying a quiet moment of reflection, we wish you a safe and joyful Independence Day. 🇺🇸💙 ... See MoreSee Less
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Did you know you can support the future of Covenant Living without impacting your current finances?
By including Covenant Living in your estate plan, you help ensure our mission continues for generations to come. Whether through a bequest, a charitable trust, or a gift of retirement assets, your legacy can provide peace of mind for future residents and families. And when you make a planned gift, you’ll be welcomed into our Legacy Circle — a special community of supporters who share your commitment to faith, care, and stewardship.
Explore your giving options at bit.ly/4kAnA30. ... See MoreSee Less
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