Overview
The Challenger Guaranteed Income Plan is a fixed term immediate annuity that provides a guaranteed regular income for a selected term, in exchange for an initial lump sum investment amount. The Plan can be purchased by investors with either unrestricted non-preserved Eligible Termination Payments (ETPs) or with private investment monies. The Plan is designed for retirees and investors who are seeking a regular income as part of their investment portfolio.
Why Challenger
Challenger was named 'Short-term Annuity Provider of the Year 2007' by independent research house Plan for Life. In addition, Challenger won the overall award in 2003, 2005 and 2006. What's more, Challenger Life No. 2 Limited, the issuer of the Challenger Guaranteed Income Plan has been awarded an 'A'1 rating from credit rating agency Standard & Poor's. This rating reflects Challenger's strong financial security and reinforces our strength in the annuity market.
How to invest
PDS - minimum investment $10,000 (PDF 1 Mb)
For more information contact your financial planner or call our Investor Services team on 1800 331 782.
1Ratings are subject to change. Ratings are statements of opinion and not statements of fact or recommendations to buy, hold or sell securities. For the latest rating information, please visit: http://www.standardandpoors.com.au/.
The offer or invitation to subscribe in interests in the product is only available to persons receiving the PDS in Australia and is subject to terms and conditions described in the PDS. The information contained above has been prepared without taking account of any person's objectives, financial situation or needs. Because of that, each person should, before acting on any such information, consider the appropriateness of the information, having regard to their objectives, financial situation and needs. Each person should obtain a current PDS relating to the product and consider that document before making any decision about the product.
If you acquire or hold one of our products, we will receive fees and other benefits which are generally disclosed in the PDS or other disclosure document for the product. We and our employees do not receive any specific remuneration for any advice provided to you. However, financial advisers (including some Challenger group companies) may receive fees or commissions if they provide advice to you or arrange for you to invest with us. Some or all of Challenger group companies and directors of those companies may benefit from fees, commissions and other benefits received by another group company.
