Regardless of an assisted living community's fee structure, when choosing a senior living residence, it is important to consider the quality of care, how the resident adapts to the new environment and the long-term affordability of the community.
When a bond is issued at a premium, that means that the bond is sold for an amount greater than the bond's face value. This generally means that the bond's contract rate is greater than the market rate.
When payment bonds are issued with a performance bond, it is estimated that the premium will be between 1% and 2%, although the actual cost may vary depending on the credit history and background check of the contractor requesting the bond.