Term annuity
@3YFixedTermRate%* p.a. | 3-year fixed termReceive guaranteed regular income payments from a lump sum invested for a specific term
*Rates may vary. Annual payment with capital returned at the end. Issued by Challenger Life Company Limited ABN 44072486938.
Fixed Term Rates
Current from 21 Jul 2025 to 27 Jul 2025
Rates are updated every Monday. The rates displayed are current and subject to change. For a tailored payment quotation, go to apply now, contact your financial adviser or call us on 13 35 66.
| 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% |
Longer terms are available. Find out more.
The rate for a Challenger term annuity is fixed for the term of your investment. Choose from a term of one year up to 5 years, with a minimum investment of $10,000. Annualised payments are not available for one year terms.
Lifetime annuity
Receive guaranteed regular income payments for the rest of your life from a lump sum invested.
Current from 21 Jul 2025 to 27 Jul 2025
Lifetime Annuity (Liquid Lifetime)
Annual payments - Liquid Lifetime (Immediate payments)
Female
| Age | Withdrawal period | Amount of inflation protection | |||
|---|---|---|---|---|---|
| Full | Partial | Nil | RBA Cash Linked | ||
| 65 | 22 years | $5,001 | $5,985 | $6,664 | $6,337 |
| 70 | 18 years | $5,605 | $6,557 | $7,179 | $6,862 |
| 75 | 14 years | $6,478 | $7,402 | $7,966 | $7,678 |
Current annual payments for every $100,000 you invest in a Lifetime Annuity are illustrated above. Age shown is age at commencement of annuity
Male
| Age | Withdrawal period | Amount of inflation protection | |||
|---|---|---|---|---|---|
| Full | Partial | Nil | RBA Cash Linked | ||
| 65 | 20 years | $5,240 | $6,209 | $6,863 | $6,543 |
| 70 | 16 years | $5,931 | $6,872 | $7,470 | $7,168 |
| 75 | 12 years | $6,959 | $7,879 | $8,426 | $8,166 |
Current annual payments for every $100,000 you invest in a Lifetime Annuity are illustrated above. Age shown is age at commencement of annuity
Lifetime Annuity (Liquid Lifetime)
Annual payments - Liquid Lifetime (Deferred payments)
Female
| Age | Withdrawal period | Payment commence age | ||
|---|---|---|---|---|
| Age 80 | Age 85 | Age 90 | ||
| 65 | 22 years | $1,300 | $1,989 | $3,580 |
| 70 | 18 years | $1,136 | $1,788 | $3,237 |
| 75 | 14 years | $962 | $1,554 | $2,873 |
Current annual payments for every $10,000 you invest in a Lifetime Annuity are illustrated above. Age shown is age at commencement of annuity
Male
| Age | Withdrawal period | Payment commence age | ||
|---|---|---|---|---|
| Age 80 | Age 85 | Age 90 | ||
| 65 | 20 years | $1,476 | $2,349 | $4,633 |
| 70 | 16 years | $1,283 | $2,105 | $4,209 |
| 75 | 12 years | $1,077 | $1,816 | $3,729 |
Current annual payments for every $10,000 you invest in a Lifetime Annuity are illustrated above. Age shown is age at commencement of annuity
Lifetime Annuity (Liquid Lifetime)
Annual payments - Liquid Lifetime (Market-linked payments)
Female
| Age | Withdrawal period | Market-linked indexation payment option | ||||
|---|---|---|---|---|---|---|
| Cash | Conservative | Conservative balanced | Balanced | Growth | ||
| 65 | 22 years | $3,730 | $3,730 | $3,730 | $3,730 | $3,730 |
| 70 | 18 years | $4,383 | $4,383 | $4,383 | $4,383 | $4,383 |
| 75 | 14 years | $5,317 | $5,317 | $5,317 | $5,317 | $5,317 |
Current annual payments for every $100,000 you invest in a Lifetime Annuity are illustrated above. Age shown is age at commencement of annuity
Male
| Age | Withdrawal period | Market-linked indexation payment option | ||||
|---|---|---|---|---|---|---|
| Cash | Conservative | Conservative balanced | Balanced | Growth | ||
| 65 | 20 years | $3,979 | $3,979 | $3,979 | $3,979 | $3,979 |
| 70 | 16 years | $4,722 | $4,722 | $4,722 | $4,722 | $4,722 |
| 75 | 12 years | $5,811 | $5,811 | $5,811 | $5,811 | $5,811 |
Current annual payments for every $100,000 you invest in a Lifetime Annuity are illustrated above. Age shown is age at commencement of annuity
Income for aged care
CarePlus annuities provide guaranteed monthly payments for life to assist with the payment of aged care costs as well as a guaranteed death benefit.
CarePlus
Current from 21 Jul 2025 to 27 Jul 2025
| Age | Male | Female |
|---|---|---|
| 75 | $4,464 | $4,667 |
| 80 | $4,402 | $4,573 |
| 85 | $4,360 | $4,490 |
| 90 | $4,335 | $4,420 |
| 95 | $4,324 | $4,362 |
Current annual payments for every $100,000 you invest in CarePlus are illustrated above. Age shown is age at commencement of annuity.
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