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life-care

American  
[lahyf-kair] / ˈlaɪfˌkɛər /
Or life care

adjective

  1. designed to provide for the basic needs of elderly residents, usually in return for an initial fee and monthly service payments.

    a life-care facility; life-care communities.


Etymology

Origin of life-care

First recorded in 1980–85

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

Most people opt for a life-care contract, where residents pay an entrance fee and monthly fees, said Lisa McCracken, a senior vice president in Ziegler investment bank’s senior living sector.

From New York Times • Apr. 4, 2014

One of the models for the sprouting life-care communities is Mount San Antonio Gardens in Pomona, Calif., a successful independent operation.

From Time Magazine Archive

For that reason, more and more retirees are turning to "life-care communities," which promise to cover all basic needs until death in return for a hefty entrance fee and monthly service payments.

From Time Magazine Archive

Not all life-care centers are alike, and prospective entrants are well advised to read the fine print before signing any of the numerous contracts available.

From Time Magazine Archive

One serious potential risk for retirees is that a private life-care facility will go out of business.

From Time Magazine Archive