Loading...

Table of Contents

Helping with the costs of aged care

 

Challenger CarePlus provides a fixed monthly payment to help with the ongoing costs of aged care. It’s for people who are receiving or planning to receive government subsidised aged care services.

 

The monthly payments continue for the lifetime of the investor. Upon their death the original amount invested is paid to the nominated beneficiary or estate.1

 

1  If the policy owner is a resident of South Australia at the time of investment, the death benefit will equal 100% of the amount invested less the amount of state stamp duty paid by Challenger on their behalf. 100% of the lump sum invested is returned to the beneficiary or the estate on the death of the person in care.

Why consider CarePlus?

Guaranteed regular income

Provides guaranteed monthly payments for the life of the investor, helping  to fund aged care costs and living expenses.

Estate planning

100% of the lump sum invested is returned to the beneficiary or the estate on the death of the person in care.1

 

Potential Age Pension increase

After investing in CarePlus, any Age Pension you receive may increase.

Potential reduction in aged care costs

After investing in CarePlus, the amount you pay for aged care may reduce.

Competitive payment rates

CarePlus has competitive payment rates.

No fees

There are no fees or charges payable to Challenger.

Read and consider the PDS and TMD for more information.

 

1  If the policy owner is a resident of South Australia at the time of investment, the death benefit will equal 100% of the amount invested less the amount of state stamp duty paid by Challenger on their behalf. 100% of the lump sum invested is returned to the beneficiary or the estate on the death of the person in care.

CarePlus payment rates

Current from 09 Dec 2024 to 09 Dec 2024
AgeMaleFemale

Current annual payments for every $100,000 you invest in CarePlus are illustrated above. Age shown is age at commencement of annuity.

What are the risks of investing

 

All investments carry some risk. Listed below are key risks that you should consider when deciding whether CarePlus is right for you. 

 

Withdrawal risk
Regulatory risk
Inflation risk
Counterparty risk
Risk of under insurance

Next steps

Read PDS and TMD

You should read and consider the PDS and TMD to decide whether this product is suitable for you.

Get a quote

Call us on 13 35 66 to get a quote or ask your financial adviser.

Apply

To make it easy to apply, we’ve provided some handy steps and tips for you.

Additional reading

Retiree Asking questions and receiving help

Frequently asked questions 

Find answers for questions we commonly get asked about CarePlus.
Pensioner looking out the window

Read more about aged care

Find out more about planning for aged care.
aged care guide

Aged care guide

Starting the aged care conversation early can help clients and their family make an informed decision during a very emotional and stressful time.