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CCRCs are unique.

They are a form of insurance, where you pay a large lump sum up front to the CCRC and usually a monthly premium. In exchange, you get a guaranteed place to stay for the rest of your life, regardless of the costs associated with your gradually increasing needs.

Most CCRCs are non-profit organizations. But one must understand this is a long term relationship and unlike insurance companies selling long term care insurance, CCRCs are not regulated by state insurance commissioners with requirements for reserves to cover future doing one's homework to ensure the CCRC will be solvent over the decades ahead is important.

A couple of years age we had Virginia Traweek come and speak to our financial planning group on the plusses and minuses of CCRCs. She has a book through Amazon that we found very helpful

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