Achieve Your Dream Retirement with Financial Options
As we enjoy longer, healthier lives, financial savings often need to stretch further.
Is there an innovative plan that strikes a balance between present enjoyment and future security? While exploring senior living communities, you’ll find South Port Square does both.
As a Life Plan Community, now recognized as a 2026-2027 Best Continuing Care Retirement Community—we offer an independent lifestyle enriched with services and amenities designed for today and the years ahead.
Contract Options
We offer contract options to fit your financial preferences. You can opt for Life Care for long-term value and a plan for future care or choose a rental contract with minimal upfront investment.
Life Care
Life Care is the gold standard in senior living plans. It protects you from constantly rising prices, saving you tens of thousands of dollars if you ever need long-term health care. According to the Department of Health and Human Services, 7 out of 10 adults will need long-term care at some point, with 3 years being the average length of time services are needed.
Our Life Care contract is made up of an up-front Entrance Fee, plus ongoing monthly fees, which you can learn about below.
Entrance fee and monthly fees
For a one-time entrance fee and ongoing monthly fees, South Port Square can become your home for life. Entrance fees start at $36,100, with monthly fees of $2,500 for independent living.
Entrance fee
The amount of this fee is based on the type of contract and the size of residence you choose. If you want a larger residence, your entrance fee will be larger too. Your entrance fee covers your residence, but it gives you guaranteed access to any future care you may need at prices well below market rates.
Monthly fee
Your monthly fee covers home maintenance (inside and out), property taxes, utilities, your dining plan, fitness membership, a beautifully maintained campus, and dozens of other services and amenities.
Whether you’re in independent living, assisted living, memory care, skilled nursing, or rehabilitation, your living accommodations, services, and amenities can be adjusted to suit your individual lifestyle and future needs. Plus, we offer contract options that refund a portion of your entrance fee to you or your heirs, for asset and legacy protection.
MoneyGauge calculator.
Take this two-minute assessment, powered by myLifeSite, to learn which South Port Square floor plan is the best financial fit for you.
Flex Your Future
This program lets more seniors embrace the freedom of independent living by tailoring their senior living costs to suit their budget. To customize your entrance fee, select your residence now with less out of pocket, then pay the remainder of your entrance fee on a flexible timeline.
Tax advantages
Some of our residents use a part of the money from the sale of their home to cover the cost of their independent living entrance fee. The IRS has ruled that portions of both your entrance fee and monthly fee are tax deductible as prepayment of medical expenses. Consult your tax advisor for more information.
Rental Contract & Fees
This rental-based option means you pay a market-rate fee for your residence and only for the care you need, when you need it. For seniors who want independence with access to services as needed, our rental contracts offer a way to enjoy the vibrant lifestyle of our community.
With monthly independent living rental fees starting at $4,210 and contracts available for as little as two years, this option combines added affordability with a straightforward approval process, providing a comfortable apartment and access to pay-as-you-go care. An upfront community fee of $7,500 covers your access to our resort-like amenities, one chef-designed meal per day and all community activities.
Long Term Cost Comparison
Life Care Contract
Life Care provides a tremendous value over time, especially if a resident requires long-term care.
Rental Contract
Rental contracts remove the entrance fee requirement and care is provided at market rates.
Got a question?
Ask us anything you like about our independent living lifestyle, including options for paying for senior living. Simply use the form on this page, or call 941-315-7487.