A smart financial decision
With its beautiful, maintenance-free homes, impressive array of amenities and unparalleled opportunities for personal fulfillment, Cedar Crest presents a compelling lifestyle choice for retirement. And as people who live here will tell you, it makes good financial sense as well. There are two parts to the financial setup:
1. Your 100% Refundable Entrance Deposit*:
Preserving your assets for your estate
Instead of purchasing your apartment home like a condo or paying rent that you’ll never see again, you secure you Cedar Crest home with an entrance deposit that is 100% refundable* to you or your estate. So whether you someday decide to move or you live at Cedar Crest for the rest of your life, this money will be returned in full to you or your heirs once your home is reoccupied. This unique innovation is detailed in our Residence and Care Agreement.
2. Your inclusive Monthly Service Package:
Financial stability and extraordinary value
Your service package covers the same living expenses you now pay in your house, including all utilities (except telephone), cable TV, property taxes, maintenance, and even daily dinner (or any meal you choose). Plus it covers all repairs, and access to all your resort-style amenities.
Instead of writing several checks each month, you write just two—one for your phone and one for your service package. And unlike your monthly house expenses that can fluctuate wildly depending on energy costs, repairs, and taxes, you make the same predictable payment from one month to the next. With all you get for your money, it’s an incredible value.
One other financial benefit of living at Cedar Crest that you simply cannot get by staying in your house:
Erickson HealthSM, our comprehensive, prevention-oriented wellness system. Designed to preserve and even improve your health, it not only enables you to enjoy all that Cedar Crest retirement community has to offer, but can also keep you out of extended health care situations that can be harmful to your financial well-being. In fact, people who live at Erickson retirement communities tend to have fewer hospital stays than others in their age group and are less likely to need higher levels of care such as assisted living and long-term nursing care.
*As per the Residence and Care Agreement.
