Clients have many things to consider when making the decision to move themselves or a loved one into residential aged care.
Challenger CarePlus can help by providing guaranteed monthly income for life to assist with ongoing aged care costs. It also delivers estate planning certainty via a lump sum death benefit.
Help manage aged care costs and living expenses and leave a lump sum to nominated beneficiaries or the estate.
You can find additional information in our PDS.
Challenger CarePlus uniquely combines a lifetime annuity and insurance policy for lifelong income and a guaranteed death benefit, designed to provide greater financial security and streamlined estate planning.
Clients invest in both the CarePlus Annuity and CarePlus Insurance.
CarePlus is designed for people living in an approved residential aged care facility, or those receiving or planning to receive Government-subsidised aged care services (including both home and residential care). The minimum investment in CarePlus is $10,000.
Read the PDS, TMD and Technical Guide for more information.
Pays guaranteed income for life, regardless of how long your clients live or how investment markets perform. It has a withdrawal value and a guaranteed death benefit for a period based on your client’s life expectancy.
When you pass, CarePlus Insurance tops up your CarePlus Annuity death benefit so that your nominated beneficiaries or estate receive a lump sum death benefit that in total equals 100%4 of the amount invested into CarePlus.
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Current annual payments for every $100,000 you invest in CarePlus are illustrated above. Age shown is age at commencement of annuity.
The calculator allows you to:
Visit AdviserOnline to access the calculator. Registration is easy and free to all financial advisers. Alternatively, you can contact your BDM who can assist you with running the aged care calculator for your clients.
Our Technical team specialises in supporting advisers in the development of retirement and aged care solutions for their clients. Access key facts, technical strategies, regulatory updates and case studies.
Log in to our free adviser portal to access a range of modelling tools including an Aged Care Calculator.
Use this tool to generate a quote for our annuity products. It will show you the guaranteed income payments your clients could receive based on the factors you enter. Log in to AdviserOnline to access eQuote.
Our resources are designed to empower you with the knowledge and tools you need to better serve your clients. Take a look at the broad range of information for advisers that is held in our Adviser Knowledge Hub.
With increasing life expectancies and an ageing Australian demographic, there is a growing need for quality aged care advice.
