Refunds of Nonrefundable Entrance Fees
You may read in your contract that a non-refundable entrance fee is actually partly refundable over a 5 year, 8 year, or other length period. Think of this as "just in case insurance". Your goal, usually, is to live at a CCRC (Continuing Care Retirement Community also known as a LifePlan community) for a long time, or as some say, it is the last move of your life. The refund period may ease your nerves about handing over a large check but in practice if you live at the CCRC for a long time as planned, it will not come into play.
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