Life Care Community

Published: | Updated: September 23, 2017

Definition - What does Life Care Community mean?

A life care community is a housing area for senior citizens designed to provide them with various lifestyle services, including health assistance by health professionals. Those who wish to reside in one of these communities pay an entrance fee and regular monthly fees for the upkeep and the services.

It is also called a continuing care community.

Insuranceopedia explains Life Care Community

When someone becomes a resident of a life care community, they will be provided with food, social activities, and healthcare services. While the entry price for residency can be expensive and residents also pay a monthly fee, they are provided all the services of the community for life.

To maintain their budges, these communities might also engage in fundraising campaigns.

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Whether you're just starting to look into life insurance coverage or you've carried a policy for years, there's always something to learn.

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