Equity ownership in a lifecare retirement community gives you added value. While the lifecare contract provides a safety net against the rising cost of long-term care and a mechanism for asset protection, the equity component enables you to retain the tax benefits of home ownership without the worry of home maintenance. You also have the opportunity to finance your purchase, which is not afforded by traditional lifecare entrance fee models.
Additionally, Peconic Landing is a wise investment because members of the lifecare contract are entitled to long-term care for life at no additional cost. That means, you will continue to pay the same monthly service fee even if you transfer to a higher level of care within the community. In the case of a couple where both are members, Peconic Landing provides an even greater value allowing one member to continue to reside in the cottage or apartment home while the other resides in either the Enriched Housing or Skilled Nursing Center at no additional cost.
