Benefits of Moving to a Senior Living Home vs. Living Alone

Apr 16, 2024

When you think of the term independent living, you might feel that it’s synonymous with giving up part of your freedom. At The Admiral at the Lake, that couldn’t be further from the truth.

Freedom to explore, learn and engage is integral to our values at our LifeCare life plan community. When weighing the pros and cons of moving to a senior living home vs. living alone, there are a lot of considerations that might not be top of mind right now, but are certainly worth exploring.

Smart Living and The Promise of LifeCare

No matter what stage of life or health you’re at, it’s important to have a plan in place for long-term care. There may come a time when you experience a change in health or suddenly lack the capacity to take care of yourself or your spouse. Without a budget for future care, these unexpected health costs can lead to detrimental financial struggles.

Residents at our senior living community can take advantage of our comprehensive retirement plan, LifeCare. With the financial structure of LifeCare, you’ll actually be able to save money on your long-term care costs.

For example, a two-person household living alone with an equal amount of expenses and income will need to have $1,050,00 saved to pay for long-term care. With LifeCare, a two-person household at The Admiral at the Lake with equal expenses and income will only spend $618,000 on resident costs and long-term care.

LifeCare provides:

  • Priority access and preferred pricing for long-term and higher levels of care (Assisted Living, Memory Support, Skilled Nursing, etc)
  • Predictable and discounted healthcare costs
  • Specific tax advantages
  • Overall peace of mind

We understand that life can be unpredictable, so even if a resident has run out of resources, we will continue to provide them with a place to live and the care they need.

Reduced Expenses

Living at home comes with overwhelming costs. From HOA fees, real estate taxes, home maintenance upkeep to unexpected issues like repairs, there might come a time when you can’t manage those any longer. At The Admiral, all maintenance, utilities and gourmet meals are included in your service fee so you can better monitor your expenses.

With a Lakeshore address, even our location will save you money. Exploring the city is that much easier when you live within walking distance of major attractions and high-traffic neighborhoods. We also offer free transportation, parking and are conveniently located across the street from the grocery store.

Safe and Engaged Environment

Our residents are smart, creative people looking to connect with others and share new experiences. There are several resident-driven clubs, outings and activities that are designed to foster learning and keep people active. Living alone could lead to isolation and in order to maintain your physical and mental health, socialization is key. At The Admiral, you’re part of a community of like-minded individuals and friends.

Senior Living Options: Live Alone or in a Retirement Community?
An Admiral resident walking her dog by the beautiful Lake Michigan.

Quality Care

When needed, care is provided by the same trusted physicians and medical team you’ve come to know. Our residents have the luxury of developing close relationships with their medical providers, which allows for more personalized care plans. People that live alone don’t have as much access to their physicians and may not feel as comfortable asking questions about their care.

Our mission is to provide residents with the support they need to feel cared for and the freedom to enjoy life to the fullest. At The Admiral at the Lake, you’re released of the stresses that inhibit you from doing what makes you happy.

Meet with a Residency Counselor

Discover the many senior living options available at The Admiral at the Lake.