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By paying a one-time entrance fee, not only do you have a plan in place for your future but also, you are guaranteed a home for life. If the day comes that you exhaust your financial resources – and you have met required eligibility guidelines, you can remain at the community thanks to the Get Set guarantee. Learn how it all works here.
Our contracts provide savings on the future cost of assisted living or skilled care, including memory support services. Our contracts also include 60 free days of assisted living or skilled care. You can also choose to use some of those free days for home care services. View an example of health care savings with a Life Care contract here.
If your goal is to leave a legacy to your children, you have the choice to select a contract option that refunds up to 90% of your one-time entrance fee to you or your estate when you leave the community. Or, select a traditional Life Care contract which can offer predictable costs for healthcare. Either way, residents have the ability to protect and extend their assets.
Moving to a Life Plan Community like Friendship Village can provide you with valuable savings on your taxes. Because each of our entrance fee programs includes a way to offset the future cost of healthcare services, you may be eligible for medical tax deductions as allowed by the IRS. In addition, you can even qualify for a real estate tax deduction. We recommend you talk with a tax advisor to determine which deductions apply to your situation.
You can enjoy not having to worry about expenses you’re paying now – like your mortgage, real estate taxes, insurance, home repairs and upkeep, groceries, utility bills, transportation, security and maybe even entertainment. You’ll be writing one check a month for most of your living expenses.
As responsible stewards, we have built a reputation for financial stability and openness to oversight. Our voluntary Board of Directors ensures the ethical management and financial integrity of the community.
As a not-for-profit community, our mission is to provide services and care for those we serve, which means we are consistently looking to improve our community, services and amenities to enhance the resident experience.