*Rates may vary. Annual income payment with capital returned at end of term. Issued by Challenger Life Company Limited ABN 44 072 486 938.
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Guaranteed returns for a selected term
Challenger’s Guaranteed Annuity (Fixed Term Direct) is a secure investment offered by a life insurance company, that operates in a similar way to a term deposit1.
Payments are guaranteed by Challenger regardless of how investment markets perform.
1Annuities are not covered by the Australian Government’s Financial Claims Scheme, which protects certain types of deposits in the event that a bank, building society or credit union fails.
Features
Fixed return
Know what you’re earning. Enjoy the certainty that your income won’t be impacted by the performance of the share market.
Nominate beneficiaries
Choice of terms and payments
Select from a range of terms and income payment options all delivering guaranteed payments for the term you choose.
Competitive rates
View our competitive rates below.
No fees
There are no product fees or charges payable to Challenger.
Access your money early if you need it
Fast, online application option available
If you’re ready to create a regular guaranteed income, you can apply online in under 15 minutes today.
How does it work?
You can apply online in under 15 minutes if you’re 18 years or older and are applying as an individual or jointly with another person.
- Choose your investment amount
The minimum investment amount is $10,000 and you can only invest non-superannuation monies. - Choose your term
Choose a term of 1 to 5 years. - Choose your payment frequency
You’ll receive regular income payments. You can choose monthly payments or yearly payments for terms longer than one year. (Annualised payments are not available for one year terms). - Your original investment is returned at the end of the investment period
100% of the original investment you used to start your Fixed Term Direct annuity will be returned to you at the end of your investment period.
“It’s easy and straightforward and not overwhelming at all. Applying online is better than I expected. Thank you!”
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“So easy provided you have the documents/ information ready as advised at the start of the application.”
Fixed Term Rates
To obtain a quote for longer terms, different indexation options or residual capital value, visit AdviserOnline or call us on 13 35 66.
Rates are updated every Monday. The rates displayed are current and subject to change.
| Term | Monthly Payments | Annual Payments |
|---|---|---|
| 1 | 3.93% | N/A |
| 2 | 3.98% | 4.05% |
| 3 | 4.17% | 4.25% |
| 4 | 4.27% | 4.35% |
| 5 | 4.36% | 4.45% |
The rate for a Challenger Guaranteed Annuity (Fixed Term) is fixed for the term of your clients' investment. Choose from a term of one year up to 50 years1, with a minimum investment of $10,000. Annualised payments are not available for one-year terms.
1For investments made with superannuation money and where the residual capital value is selected is zero, super rules restrict the maximum term that can be selected to the number of whole years until the investor turns age 100.
Need more options?
If you need more options, consider our comprehensive Fixed Term annuity which allows you to:
- To invest superannuation monies
- To invest for a term longer than 5 years
- To invest as a Company or Trust
- Have some of your original investment returned to you as part of your regular payments, rather than at the end of the fixed term, which could increase your regular income payments.
Risks of investing
All investments carry some risk. We’ve listed the key risks that you should consider when deciding whether a fixed term annuity is right for you.
Additional reading
Whats the difference between a term deposit and a term annuity?
Frequently asked questions
Is a fixed term annuity right for you?
Useful documents and links
Below we have provided information that you should consider before you make a decision to purchase a financial product. We also recommend that you speak to your financial adviser.