Senior couple retirement planning and relaxing in the park

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How Our Type A Life Care Senior Living Contract Makes Retirement Planning Simple and Concise

Daily life can be complicated. You juggle streaming services to watch a movie. You navigate a phone tree to talk to your doctor. But at The Glebe, our goal is to ease the stresses in life. That’s why we strive to create a luxurious, maintenance-free lifestyle. And it’s why we offer the best — and most straightforward — senior living contract. With a Life Care contract at the Glebe, retirement planning is simple.

What Is Life Care?

Life Care is a type of financial contract offered only at Life Plan Communities. These senior living communities, also called continuing care retirement communities (CCRCs), offer an array of services and amenities — such as multiple dining venues, a fitness center, art studio, putting green, and lifelong learning opportunities — providing everything residents need to enjoy a flourishing lifestyle. There’s also an on-site continuum of care,  which may include Assisted Living, Memory Care, Skilled Nursing and Rehabilitation, ensuring that, should a health setback occur, residents can receive the care they need in the community where they feel at home. There’s no need for a disruptive move during a health crisis. Plus, couples who need different levels of care can remain in the same community, often only steps away from each other.

Not all Life Plan Communities offer Life Care contracts, but those that do provide advantages that make retirement planning a breeze. With a Life Care contract, residents pay a one-time entrance fee and a monthly fee. These fees secure an independent living residence and provide access to the community’s amenities, services and continuum of care. What’s more, should your health change, you can access the long-term care you need without a significant increase in monthly fees. You enjoy all the perks of a vibrant lifestyle and the peace of mind of knowing higher levels of care are available if necessary, at a cost that holds no unexpected surprises.

The Life Care Advantage

Life Care is care for life. As appealing as that sounds, many people are hesitant to pay the upfront entrance fee that would secure that lifelong care. However, the entrance fee can actually make senior living more affordable in the long run. Here’s why Life Care contracts — and the entrance fee — can be a savvy and simple retirement planning strategy:

  • Takes the uncertainty out of long-term care. It’s not comfortable to think about, but the chances are high that you’ll need long-term care at some point. A person turning 65 has a 70% chance of needing some type of long-term care for an average of three years. With a Life Care contract, you’ll receive the care you need in a community that you know and love.
  • Protects from the rising cost of health care. With health care costs continuing to skyrocket, locking in a predictable fee for higher levels of care means you’ll pay less than the market rate for any long-term care you need in the future. This can add up to significant savings and help make your retirement savings last. 
  • Is affordable for homeowners. The entrance fee is typically based on housing prices in the local community, so homeowners may be able to use the income from the sale of their home to cover the fee.
  • Is partially refundable. Depending on the details of the Life Care contract, a portion of the entrance fee may be refunded to you or your estate when you leave the community, which can protect your assets for your heirs. 

The Rewards of Moving in While Healthy

To access the benefits of a Life Care contract, you have to move into a Life Plan Community while you’re active and healthy enough to qualify for independent living. In addition to securing the advantages of a predictable monthly fee that covers your needs for the rest of your life, you’ll enjoy a retirement lifestyle filled with opportunities to learn, grow, explore, make friends and pursue your interests — all of which have been shown to improve wellness and support healthy aging.

Life Care at The Glebe

There’s a lot of uncertainty in the world, but at The Glebe you’ll find a haven where well-being, curiosity, creativity, friendships, and peace of mind can blossom. With our Life Care contract, you can enjoy simplified retirement planning, plus the benefits of an independent lifestyle in a friendly community with gorgeous views, a host of services and amenities, and an on-site continuum of care. To learn more about life at The Glebe, contact us for more details or to schedule a visit.