CarePlus

CarePlus

A specialist investment designed to help people who are receiving, or planning to receive, Government-subsidised aged care services. It provides guaranteed monthly income for life, with a lump sum payable to nominated beneficiaries or their estate upon death.

About Challenger CarePlus

Challenger CarePlus (CarePlus) provides guaranteed monthly payments for the life of the investor, helping manage aged care costs and living expenses. 

It can provide more  control and certainty with estate planning. Upon death, 100% of the amount invested will be paid to a 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 older who are receiving, or planning to receive, Government-subsidised aged care services. The minimum investment in CarePlus is $10,000.

 
 

Benefits at a glance

Market protection - CarePlus can provide the investor with the comfort of knowing that they will receive monthly payments for their lifetime, regardless of how long they live or how investment markets perform.

Certainty and control over estate planning outcomes - CarePlus allows the investor to choose who will receive the lump sum payment upon their death. The payment can be made directly to multiple nominated beneficiaries or their estate.

Competitive payment rates - CarePlus uses competitive payment rates to determine the monthly payments.

No fees are payable to Challenger – There are no fees or charges payable to us. Our costs are taken into account when we determine the regular payments received over the life of CarePlus.

As with all investments, CarePlus carries some risks. These risks and how they are managed are set out in the Product Disclosure Statement. We recommend you go through them with your financial adviser before deciding to invest.

Visit the payment rates page to see how this compares to other investments.

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.