Rental vs. Life Care

A continuing care retirement community (CCRC) gives you peace of mind knowing that if your healthcare needs change down the road, you can likely get the quality care you need without moving to another community or campus. But how you pay for your care can vary whether you choose a rental or Life Care option. 

Rental Model

If you choose a rental CCRC, you pay a monthly fee that’s determined based on the level of care you need. Some care levels cost more than others. For example, assisted living will generally have a higher fee than independent living. But the good news is that if you need assisted living, memory care or skilled nursing down the road, you can get the additional support you need with the rental option, which caters to specific care needs on a month-to-month basis.

Life Care Model

Like the rental model, the Life Care model requires you to pay a designated rate each month. But you also pay an upfront entry fee, which comes with a unique benefit that is not available through the rental model.

When you join Life Care, you receive guaranteed care throughout your entire life, even if your financial resources are eventually exhausted through no fault of your own.* Yes, you read that correctly. You don’t have to worry about running out of money. Even if you do, you’ll continue to receive high-quality care in the same beautiful location surrounded by the familiar faces you’ve come to know and love.

So while you pay an extra entrance fee for Life Care, you receive the priceless peace of mind that comes with knowing your care is set for life. Now you don’t have to worry or stress about finances or the future. And your kids won’t have to worry about your future care either. You can simply sit back, relax and enjoy retirement in peace.

* The life care guarantee is subject to the terms & conditions of the Residency Contract.


Which One Is Right for You?


The CCRC rental model would be good for someone who: 

  • Doesn’t have funds available for the buy-in fee but wants to enjoy the benefits of a CCRC
  • Values comfort and familiarity, and isn’t interested in packing up and moving multiple times
  • Doesn’t want family members or loved ones to have to worry about finding new accommodations when healthcare needs change
  • Wants to maximize the retirement experience by choosing a place that's known for having more choices for accommodations and amenities


The Life Care model would be good for someone who:

  • Has the funds available to afford the buy-in fee, through the sale of a home or other assets
  • Values assurance and peace of mind above all else 
  • Wants to ensure they won’t become a financial burden on their kids in the future
  • Values the discounted healthcare rates that are often available with a Life Care contract
  • Wants to take advantage of the tax and estate benefits often available from a Life Care contract

Is Life Care Right for Me?

Further Reading

Continuing care retirement communities give you multiple levels of care on a single campus.

What are the benefits of choosing to move to a CCRC?

Finding the right CCRC is easy with these helpful tips.