Many entry fee retirement communities offer residents the choice of a refundable entry fee as an alternative to a traditional, declining balance contract. Learn more about the trade-offs in this blog post from My LifeSite.
According to data collected at myLifeSite, about three quarters of all continuing care retirement communities (CCRCs, or “life plan communities”) require an entry fee, and about 80 percent of these offer a refundable entry fee, with 50 percent and 90 percent refunds being the most popular. It isn’t uncommon for one community to offer a [...]
