When Do Your Heirs Receive Your Refundable Entrance Fee
Check your contract to see when at death refundable entrance fees are indeed refunded. Often times the contract will say the refund happens once your prior unit is under agreement with a new set of residents. This allows the CCRC (Continuing Care Retirement Community also known as a LifePlan community) to take the entrance fee from the new residents and use it to give your heirs your 90% or 80% refund. If the CCRC has many vacancies it may take a while until a new resident occupies your prior unit to trigger the refund.
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