Our Life Care Program is one of the things that makes Laurel Lake unique. With your paid Entrance and Monthly Service Fees, this optional asset protection plan assures you unlimited lifetime access to assisted living or skilled nursing at Laurel Lake whenever you need it, at little additional cost.

Life Care frees you from concern about the rising costs of healthcare and helps protect your assets for future generations. It means you'll never have to worry about where you will receive care, or the quality of that care. Best of all, you retain control over your healthcare decisions, giving you and your family peace of mind about the future. It's one of the best gifts you can give yourself and your family!


Residency Plans

Laurel Lake offers a variety of residency plans, with or without Life Care, with varying refundability options from which to choose. Each plan has distinct advantages, depending on your personal goals and financial profile. To get a clearer picture of the advantages and tax benefits of each plan, and to obtain the most current Laurel Lake Fee Summary, click on Contact Us or speak to a Laurel Lake representative directly at 1-866-650-2100 (toll free). We'll be happy to answer your in-depth questions over the telephone or in person.

Basic Entrance Fee Plan

The most popular, our "Basic Plan" offers the lowest Entrance Fee amounts for each size apartment and villa. Refundability is based on length of residency; the longer a resident lives at Laurel Lake, the lower the refundable portion of the Entrance Fee. During the first year, if a resident dies or decides to move out, Laurel Lake retains 10% of the Entrance Fee plus 1 1/2 % for each month the resident lived at Laurel Lake.

After the first year, refundability of this plan continues only for cancellation of the residency agreement. The entire Entrance Fee amount would be fully amortized after five years of residency.

50% Refundable Plan

This plan offers the best of both worlds. A minimum 50% of the Entrance Fee will be refunded to the resident or the estate upon cancellation of the agreement or death. The value of the other half of the Entrance Fee is amortized at the same rate as the "Basic Plan" and is adjusted and paid according to the number of months a resident has lived in the community. Entrance Fees for this plan and the 94% Refundable Plan are individually calculated based on two factors: The type of accommodation a resident chooses, and the age(s) of the resident(s) upon moving in. The rule of thumb for these two plans is that the older a person is when he or she moves in, the higher the Entrance Fee will be. To learn more about the 50% Refundable Plan and get an idea of what your Entrance Fee would be for the type of unit you prefer, please contact us.

94% Refundable Plan

This plan has the highest Entrance Fees, but assures that 94% of the fee paid is refundable upon death or cancellation of the residence agreement. The remaining 6% is retained by Laurel Lake. The amount of the Entrance Fee is individually calculated according to the same two factors described for the 50% Refundable Plan. To learn more about this plan and to determine your Entrance Fee amount for the style of apartment or villa you prefer, give us a call (toll free) at 1-866-650-2100.