About Challenger CarePlus
Challenger CarePlus (CarePlus) provides guaranteed regular payments for the life of the aged care recipient, helping manage aged care costs and living expenses. Payments can be made monthly, quarterly, half-yearly or yearly.
It provides certainty with estate planning, as upon death, 100% of the amount invested will be paid to a nominated beneficiary(ies) and/or to the estate. Residents of South Australia will receive 100% of the amount invested less the amount of stamp duty initially paid by Challenger.
Who is eligible for CarePlus?
CarePlus is available to those over 18 years of age and:
- who have an Aged Care Assessment Team/ Aged Care Assessment Service (ACAT / ACAS) approval that specifies eligibility to receive Government-subsidised aged care services (including both home and residential care); or
- currently reside in an approved residential aged care facility.
The minimum investment in CarePlus is $10,000.