National Senior Living Advisor

Rental CCRC or Life Care CCRC?

Choose the community that’s right for you

There are two types of CCRCs: Rental and Life Care. Which one is right for you? Let’s find out.

A rental CCRC operates on a monthly rental fee basis. You pay a monthly fee based on the level of care you receive. For example, assisted living usually costs more per month than independent living. It’s like paying rent on a condo. Residents currently in need of assisted living, memory care or skilled nursing can get the additional support they need with our rental CCRCs, which cater to specific care needs determined on a month-to-month basis.

A Life Care CCRC charges a monthly fee, similar to the rental CCRC. However, Life Care residents also pay an upfront entry fee in the range of $150,000 to $300,000 — more or less, depending on such things as your floor plan, services, and the Life Care contract you choose. Think of it as a down payment. To enjoy the benefits of a Life Care CCRC you must initially move into independent living.  

And don’t let the sticker shock deter you. A Life Care CCRC offers one very unique benefit you won’t find elsewhere:

You receive guaranteed care — even if your financial resources are eventually exhausted due to no fault of your own. Put simply, with a Life Care* contract you’ll have the care you need.

And while that Life Care buy-in fee is a significant investment on the front end, you benefit from significant savings in healthcare costs down the road with more care when you need it at a lower monthly cost.

If you’re still reeling from sticker shock, we get it. But consider this: many use a portion of their investments to fund the entry fee. Consider the cost in relation to the gain of CCRC amenities and lifestyle as well as the value of the investment in your future that Life Care provides.

*Life Care guarantee subject to the residency agreement.

Understanding the Difference

Rental v. Life Care Infographic

How can we help?

Thank you! A Senior Living Advisor will be in touch with you shortly regarding this property.

Scrolling Illustration