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.
Curious about the cost of senior living? Covenant Living’s quick assessment tool helps you or your loved one find the best options in just minutes! 🕒
Answer a few questions and receive personalized recommendations for your senior living journey.
Take the stress out of planning—start today: bit.ly/3VgFNZo ... See MoreSee Less
Comment on Facebook
We appreciate our incredible employees every day, but especially today for Employee Appreciation Day! 🌟 We know that the quality of our relationships with residents and their loved ones is what truly counts.
Thank you to our dedicated team for your compassion and excellence, today and every day! ... See MoreSee Less
Comment on Facebook
Your generosity helps make benevolent care possible — providing comfort, dignity, and peace of mind for residents when it matters most.
Did you know? Even if you take the standard deduction, there may still be ways to receive a charitable tax benefit. Options like Qualified Charitable Distributions (QCDs) from IRAs or Donor-Advised Funds can allow you to support our mission while giving thoughtfully and efficiently.
If you’re planning a gift this year, it may be worth a conversation with your advisor to explore what approach aligns best with your goals — and helps ensure benevolent care remains available for those who need it.
Explore ways to give:
... See MoreSee Less
Ways to Give - Philanthropy | Covenant Living Communities
www.covliving.org
Your support enables your friends and neighbors to continue to Live with Promise in their Covenant Living communities.Comment on Facebook