March 5: The financial benefits of living in a life plan community.
Over the past several years, Life Plan Communities have become an increasingly popular option for vibrant and active senior living. However, the benefits of living within these communities extends far beyond the independent-living residences, array of all-inclusive amenities, or supportive health services they provide. In fact, you’d be surprised to learn they also include many unique financial benefits that are just as appealing.
From the power bill to your insurance premiums, a Life Plan Community can relieve you from many of life’s financial burdens as you begin this next chapter in your life—and the money savings are as easy as 1, 2, 3.
1. Simplify your living expenses
The real savings of a Life Plan Community are the result of consolidating your major monthly expenses from many to just one. Consider all of life’s expenses. You have utility costs, home maintenance costs, food costs, repairs, even medical bills—not to mention all the time and energy associated with each of them. Plus, many of these can become more difficult with age, resulting in a need to hire others to assist in the tasks, creating more potential expenses. It all adds up fast.
Within a Life Plan Community, all of these maintenance costs are included, freeing up your time and money, as well as your peace of mind. At Summit Vista, utility payments are included in our monthly service plan, so those bills immediately disappear. That means no more writing a slew of checks for heating, electricity, water, or gas for the rest of your life.
Preparing meals may become more of a chore with time (if they aren’t already). That’s why Summit Vista is prepared to relieve you of these duties, as well as much of the costs, by providing a team of culinary experts and a variety of well-balance, nutritious meals prepared fresh daily at any of our on-site dining venues. We also have nutritionists on-staff to cater to any specific dietary needs you may have.
And let’s not forget healthcare. Future healthcare costs are significantly reduced at Summit Vista when you factor in our unlimited access to a continuum of on-site healthcare services, including assisted living, memory support, skilled nursing care, rehabilitation, and more. This access not only lifts the financial burden associated, it also provides comfort knowing all your future health needs will be taken care of now and for life.
2. Reduce your insurance needs
This may be obvious, but selling or moving out of your home effectively removes the need of homeowners insurance—not to mention mortgage payments, property taxes, and a ton of other home-related costs. Costs that are no longer necessary in a Life Plan Community.
But that’s not all. Once you’re comfortably settled within Summit Vista’s 105-acre community, you may also find yourself driving less, thanks in part to our on-site amenities and the transportation and shuttle services we provide. Some residents even choose to sell their vehicles completely, thereby successfully eliminating the constant costs associated with vehicle maintenance, upkeep, and fuel stops, not to mention insurance premiums that will continue to increase as you age.
3. Fitness and social savings
Staying active is crucial for maintaining health and happiness in retirement, as well as for preserving a solid sense of purpose and belonging in life. Unfortunately, many people—especially older adults—find it hard to squeeze the budget for added gym memberships, social excursions, the arts, or even specialty classes.
At Summit Vista, it’s part of our package and lifestyle we hope to create. Within our community, you’ll have unrestrained access to a state-of-the-art fitness center, personal trainers, an indoor lap pool, group exercise classes, and more—all yielding significant time and money savings when compared with obtaining these services elsewhere.
With input from residents, we also offer many on-site social clubs, groups, and activities, as well as arrange excursions, performances, educational classes, and other life-enriching experiences that would typically be a handful to arrange on your own and most certainly come with a hefty price tag, as well.
At the end of the day, you’ve worked hard your whole life for the money you’ve earned. You deserve to save as much of that wealth as possible as you plan the best way to enjoy the best years of your life. At Summit Vista, we’re confident you’ll find the active, fulfilling lifestyle you want with all the necessary financial benefits you need to save money and make your retirement truly rewarding—now and for years to come. One visit is all it takes to see why.