About Challenger CarePlus
Challenger CarePlus (CarePlus) provides fixed monthly payments for the life of the aged care recipient, helping manage aged care costs and living expenses. Payments are guaranteed regardless of how long your clients’ live or how investment markets perform – helping to give them peace of mind.
CarePlus can also give your clients more control and certainty over their estate planning. Upon death, 100% of the amount invested will be paid to your clients’ nominated beneficiary(ies) or to their estate. Residents of South Australia will receive 100% of the amount invested less the amount of stamp duty initially paid by Challenger.
CarePlus is available to those aged 18 years and over who are receiving, or planning to receive, Government-subsidised aged care services. The minimum investment in CarePlus is $10,000 of non-superannuation money.