Enjoy an 80% repayment of your entrance fee!
At The Covington, one of our core values is Integrity. To us, that means doing the right thing with honesty and transparency—and why we want you to truly understand the contract type we offer, and the robust financial security it provides your family.
When you choose your favorite floor plan and move into your new residence at The Covington, you pay a one-time entrance fee. No matter how many years you live here, 80% of that fee will be reimbursed to you or your estate upon re-occupancy of the residence by its next proud occupant.
Not all communities offer such a generous plan. More often you’ll find repayments of only 75%, 50%, 25%—or zero. These communities may seem appealing with lower entrance fees, but their plans may amortize over time, reimbursing you less and less. Live exceptionally well here and still leave a sizable legacy to your heirs with this automatically protected portion of your assets. If for any reason you decide to move, the 80% reoccupancy benefit is reimbursable to you.
We appreciate that deciding to move to a Life Plan community is a major decision. So we want to make sure you have the information you need to make the best-educated decisions. Always feel free to ask us any and every question.