Is the Entry Fee refundable?
There are three entry fee options at Butterfield. The first is the basic entry fee that comes with a 12-month satisfaction guarantee and has a declining balance that is refundable if the resident moves out in the first 5 years. After the fifth year, it is not refundable. Death does not apply.
There are two refundable plans — 50% and 75% — for applicants age 85 or less at time of contract. At any time a resident moves out or passes away either 50% or 75% is refunded to the resident’s estate.