Lifetime annuities
A lifetime annuity is a simple and secure way to create cash flow in retirement that is designed to last a lifetime. It can help meet an acceptable level of cash flow above and beyond the Age Pension.
Challenger's lifetime annuities are designed to provide guaranteed, regular payments for your lifetime and, if selected, the lifetime of a second person (called a 'reversionary').
Challenger's lifetime annuities:
- Provide guaranteed payments for the rest of your life, regardless how long you live
- Can be designed to deliver payments that may rise in line with the costs of living (CPI)
- Give you the option to withdraw your investment within the first 15 years (see the relevant product disclosure statement for details on the Withdrawal Guarantee) and the amount you receive back in this case
The minimum investment amount is $10,000.
Product range
| Product | Description | Download |
|---|---|---|
|
Challenger Guaranteed Annuity (Liquid Lifetime) |
Standard lifetime annuity |
PDS |
|
Challenger Guaranteed Income Plan (Liquid Lifetime)* |
Lifetime annuity where the rates take into account commissions paid to advisers |
PDS |
|
A lifetime annuity for investors moving into, or already in, a residential care facility |
PDS |
*Note: under the Future of Financial Advice (FoFA) reforms from 1 July 2013 all new investor arrangements for payments to their advisers must be on a fee for service basis.
For more information, order or download a product disclosure statement or call our Investor Services team on 13 35 66.