A specialist investment designed to help people moving into residential aged care. It provides guaranteed regular income for life, with a lump sum payable to your clients’ beneficiaries or estate upon death.

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.

Important information

Information provided on the Challenger Websites is intended for Australian residents only and may not comply with the laws of other jurisdictions outside Australia. It is of a general nature and does not take into account an investor's individual circumstances, financial situation or needs or particular investment objectives. It is not intended to be investment advice nor a recommendation or statement of opinion about any particular financial product or class of financial products. As a result, it should not be relied upon in acquiring any financial product or service and is provided in good faith and derived from sources believed to be accurate and current at the date of publication. See Conditions of use for more information.