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.
The holidays are a time of connection, but they can also reveal changes in a loved one’s health and well-being.
Are you noticing any of these signs?
✅ Difficulty keeping up with daily tasks
✅ Changes in physical appearance or hygiene
✅ Increased forgetfulness or confusion
At Covenant Living, we’re here to help guide you through the next steps. Visit our free resource page for tools and advice on how to talk to your loved one about Assisted Living: ... See MoreSee Less
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At Covenant Living, we’re surrounded by generosity and compassion that make our mission possible. Support for the Benevolent Care Fund helps ensure residents in need continue to live with dignity, comfort, and peace of mind.
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This Veterans Day, we honor the courage, sacrifice, and service of all who have worn the uniform. 🇺🇸
We’re especially grateful for the veterans who call Covenant Living home. Your dedication inspires us every day, and we’re proud to walk alongside you in community.
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