Clients can choose to have payments linked to the RBA cash rate.

Choose this option for clients who want their payments linked to changes in investment markets. Payments will be indexed up and down based on the performance of their chosen index.

Find out more in the Lifetime Annuity (Liquid Lifetime) PDS and Target Market Determination (TMD).

Retirement conversations

Q: CPI-indexed lifetime income

To help protect retirement income from inflation, payments can be fully or partially indexed to CPI. Delivering guaranteed regular income payments for life.

Support more confident retirement income conversations

Many clients approaching or living in retirement are concerned about whether their savings will last, and whether they're making the right decisions. The 2026 Challenger Retirement Happiness Index¹ found that Australians aged 60+ reported positive retirement happiness outcomes overall with a happiness score of 69.5, yet only around half of those surveyed say they feel financially secure. This gap highlights the importance of helping clients navigate retirement income decisions with greater clarity and certainty.

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This guide helps advisers have more meaningful retirement income conversations, navigate key trade-offs and explore the role of lifetime income.

What's in the guide:

A framework to help identify common client concerns and confidence barriers
Practical questions for retirement income discussions
Explore certainty, flexibility, growth and legacy priorities
Examples of where guaranteed lifetime income may fit within broader retirement strategies

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How are advisers incorporating lifetime income into retirement advice?

On demand

Join us for a virtual event featuring two experienced financial advisers, who will share how their thinking evolved, how they discuss lifetime income with clients, and the lessons they've learned along the way. We'll also explore the latest research on what drives confidence and happiness in retirement with Mandy Mannix.

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Helping clients balance certainty and flexibility

Lifetime income can play an important role in helping clients feel more confident spending in retirement. By providing income for life, a Challenger lifetime annuity can help cover regular expenses, reduce concern about outliving savings and give clients more certainty around the income they can rely on, while allowing flexibility elsewhere in their broader retirement strategy.

A Challenger lifetime annuity could help clients:

• Secure income that lasts for life, helping them to manage the risk of outliving their savings

• Create a more predictable income stream, supporting confidence around meeting regular expenses

• Feel more comfortable spending in retirement, rather than holding back out of concern that their money may not last

• Choose inflation-linked income options to help their income keep pace with rising living costs

• Balance income and legacy goals by securing part of their income for life, while keeping other assets available for flexibility, growth or beneficiaries

• Potentially increase total retirement income

• Potentially support more favourable Age Pension outcomes, where eligible

Please consider the PDS and TMD

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Learn more about Challenger Lifetime Annuity (Liquid Lifetime) income options.

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Lifetime annuity income payment options to suit your clients' needs

Challenger’s Lifetime Annuity provides a choice of income payment options, helping you tailor solutions to meet your clients’ needs:

CPI-indexed lifetime income

RBA cash rate

Market-linked

Fixed payments

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Market leader

Challenger is Australia’s leading retirement income brand².

Experience and expertise

Retirement solutions are our core business, backed by a strong a commitment to innovation.

Strong capital position

Challenger Life’s statutory fund holds over $1.6 billion in excess capital above APRA minimum requirement³.

Unmatched adviser support

Our nationwide distribution team is one of the largest in the market, offering personalised support to help you and your clients succeed.

Proven track record

We’ve never missed a payment - in FY25 alone, we paid approximately $5 billion in income to our customers⁴.

Most trusted brand

Challenger is the most trusted brand in the Australian market for longevity solutions⁵.

Recognised excellence

Awarded Money magazine’s Longevity Cover Provider of the Year 2025.

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Adviser tools to help you deliver quality retirement advice

Challenger provides the tools, modelling capability and technical guidance, advisers need to integrate lifetime income easily and confidently into client plans. This can help make recommendations clearer, conversations easier and outcomes more certain.

Get a quote

Secure regular income and apply for a Lifetime annuity for one of your clients by getting a quote below.

Get a quote

Client materials

Register for Challenger’s adviser portal, AdviserOnline to access a range of adviser and client facing materials such as case studies, white label materials, videos, webinars, brochures, guides and more.

Retirement Illustrator

Model the impact of adding a lifetime annuity to your client’s retirement plan with Challenger's Retirement Illustrator.

Model a client scenario

Model scenarios

You can now model, compare and implement retirement income strategies in the Xplan Retirement Income Solution.

Find out more

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Useful documents and links

Lifetime Annuity (Liquid Lifetime) Product Disclosure Statement (PDS)

Lifetime Annuity (Liquid Lifetime) Target Market Determination (TMD)

Lifetime Annuity (Liquid Lifetime) flyer

Annuity myth busters

Challenger's Lifetime Annuity product page

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1 2026 Challenger retirement happiness index
2 Challenger Marketing Pulse Study, June 2026.
3 Challenger 2025 Annual Report.
4 Annual Report FY25 annuity interest and capital payments.
5 Challenger Marketing Pulse Study June 2026.

Support more confident retirement income conversations

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How are advisers incorporating lifetime income into retirement advice?

On demand

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Helping clients balance certainty and flexibility

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Lifetime annuity income payment options to suit your clients' needs

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Why advisers choose Challenger

Market leader

Experience and expertise

Strong capital position

Unmatched adviser support

Proven track record

Most trusted brand

Recognised excellence

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Adviser tools to help you deliver quality retirement advice

Get a quote

Client materials

Retirement Illustrator

Model scenarios

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See how lifetime income could work for your clients, or speak with your Challenger BDM

Useful documents and links

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1 2026 Challenger retirement happiness index 2 Challenger Marketing Pulse Study, June 2026. 3 Challenger 2025 Annual Report. 4 Annual Report FY25 annuity interest and capital payments. 5 Challenger Marketing Pulse Study June 2026.

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How are advisers incorporating lifetime income into retirement advice?

On demand

Helping clients balance certainty and flexibility

Why advisers choose Challenger

Market leader

Experience and expertise

Strong capital position

Unmatched adviser support

Proven track record

Most trusted brand

Recognised excellence

Get a quote

Client materials

Retirement Illustrator

Model scenarios

1 2026 Challenger retirement happiness index 2 Challenger Marketing Pulse Study, June 2026. 3 Challenger 2025 Annual Report. 4 Annual Report FY25 annuity interest and capital payments. 5 Challenger Marketing Pulse Study June 2026.

1 2026 Challenger retirement happiness index
2 Challenger Marketing Pulse Study, June 2026.
3 Challenger 2025 Annual Report.
4 Annual Report FY25 annuity interest and capital payments.
5 Challenger Marketing Pulse Study June 2026.

1 2026 Challenger retirement happiness index
2 Challenger Marketing Pulse Study, June 2026.
3 Challenger 2025 Annual Report.
4 Annual Report FY25 annuity interest and capital payments.
5 Challenger Marketing Pulse Study June 2026.