Challenger Guaranteed Annuity
The Challenger Guaranteed Annuity (Annuity) offers a number of options that you can tailor to meet your needs. You can:
- Invest as little as $10,000
- Buy the Annuity with money rolled over within the superannuation system or non-superannuation money
- Choose an investment term between one and 50 years
- Choose to have all of your capital repaid to you at the end of the investment term, or have some or all of it repaid to you (as part of the regular payments) throughout the investment term
- Choose to have the option to increase your regular payments annually in line with changes to the consumer price index or a fixed whole percentage rate
- Elect for an individual (or individuals) to receive the remaining benefit of your Annuity if you die
The rate of return you will receive is established at the time you apply for the Annuity, and will depend on the product options you choose and prevailing interest rates. Challenger guarantees that it will not change the rate for the term of the Annuity.
Visit the rates page for the current annual payments on our standard fixed-term annuity options.
Change to maximum upfront adviser service fee
Challenger Life recently reduced the maximum upfront service fee that you can authorise us to pay to your financial adviser for facilitating the issue of the Challenger Guaranteed Annuity on behalf of Challenger Life. Please refer to the Update to information in the Challenger Guaranteed Annuity Product Disclosure Statement for updated investment terms.
For more information, speak to your financial adviser, order or download a product disclosure statement or call our Investor Services team on 13 35 66.