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Town homes use Estate Preservation Plan
90/10 (Estate Preservation) Plan
The 90/10 Plan, also a form of the Estate Preservation Plan, provides you with the means to preserve personal financial resources for future use. It is designed to allow for 90 percent of the funds invested as a deposit on your home to be refunded to you or your estate upon leaving the Manor community. The non-refundable 10 percent of your deposit remains with the Manor to provide for remodeling the vacated unit and assist the Manor in furthering its mission to provide quality services to residents. Using this method of funding reduces the monthly fee.
Refunds for deposit plans are generally made within 30 days of a resident leaving the community; however, it is contingent upon re-occupancy of the town home, cottage or apartment.
Monthly Fee
Both the 75/25 Estate Preservation and Life Use Plans are accompanied by a monthly fee based on the size and type of home. These fees are used to cover the cost of maintaining your home and the services available to you at the community.
Rental Plan
The rental plan option is available on the active living town homes at Clay Center. This can be especially useful if you are waiting for a home to be sold as you can later access the deposit option when the capital funds become available, provided you have not needed to move to another level of living in the community.
Deposit for Care Benefit
Should you choose one of the deposit plans, if you need to move within the Manor to higher levels of care, you can access the Deposit for Care toward the higher monthly fees for assisted living or the health care center. Should you leave the Manor, the remaining balance, excluding the non-refundable portion, is refundable to you or your estate.
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