FAQ: What are the typical Life Plan contract types?
There are generally three common Life Plan contract types:
Type A (Life Care): Offers the most comprehensive coverage, including unlimited access to higher levels of care with little to no increase in monthly fees—ideal for those seeking long-term financial predictability.
Type B (Modified): Provides access to care with some services included and others offered at a discounted rate or on a fee-for-service basis.
Type C (Fee-for-Service): Typically has lower entrance and monthly fees, but residents pay market rates for care services if and when they need them.
Each contract type has its benefits, and speaking with the community directly can help you determine which option best aligns with your health, lifestyle, and financial goals.