Living at The Covington is a smart financial choice. The Covington offers a 90% re-occupancy benefit, which preserves your parents’ financial assets by returning 90% of the entrance fee to them or to their estate, should they leave the community. It’s paid when their residence is re-occupied. This benefit is guaranteed for the length of their stay. What’s more, should they decide to leave for any reason within the first 90 days of occupancy, 100% of their entrance fee will be returned.
A Measure of Security That’s Nice to Have
The Covington is South Orange County’s premier Life Plan community. In addition to Independent Living, we provide a full range of health care services. When your parents sign a Life Plan agreement with us, we make a commitment to provide care, under the terms of that contract, for the rest of their lives.
Other Financial Benefits
- Freedom from monthly bills and maintenance costs associated with owning a home
- Tax benefits associated with entrance fee and monthly fees
- 90% reoccupancy benefit