The risk that if you voluntarily withdraw during the withdrawal period or die, you may receive back less money than you invested. Note that for half of your withdrawal period (rounded down to a whole year), there is a money back guarantee if you die during that period. During this period, we will pay a death benefit equal to 100% of the amount invested (subject to tax) to your beneficiaries or estate.

If you choose the Flexible Income (Deferred payments) option and you die after the withdrawal period, but before payments commence, you will not receive any payments from the Annuity and no lump sum is payable. If you choose the Enhanced Income (Deferred payments) option and you die before payments commence, you will not receive any payments from the Annuity and no lump sum is payable.

A change in Government policies or laws in the future may require us to make changes to the product or its terms and conditions.

The risk that the purchasing power of your regular payments may reduce over time as a result of inflation. There is an option to link your payments to movements in the CPI which can help reduce this risk

This is the risk that we become unable to meet our commitments to you. However, we are subject to detailed legislative and regulatory requirements designed to ensure that this does not occur.

If you choose a market linked payments option, your regular payments are linked to annual changes in investment markets. If the change in your chosen market-linked payment option is positive, your regular payments will increase, and if the change in your chosen market-linked payment option is negative, your payments will reduce. In periods of poor performance, payments can index down below the starting payment. If you choose the Accelerated payment option, your Market-linked payments will start higher but will have lower indexation applied each year when compared to not having the option. Regular payments will also have a higher chance of being reduced each year due to negative indexation.

If you choose the RBA cash linked payment option, your regular monthly payment comprises a fixed-dollar amount plus a variable RBA cash linked amount. If the RBA cash rate reduces, the variable RBA cash linked amount reduces and so your regular payment will reduce (similarly if it increases, your regular payment will increase).