What is an annuity?

Make your retirement income last

Challenger annuities give you guaranteed income, regardless of how share markets perform.

Inflation linked income to help protect your lifestyle

A Challenger annuity gives you guaranteed income that can keep pace with inflation.

Flexibility to withdraw if your circumstances change

While Challenger annuities are designed to be held for the full investment term, there may be flexibility to access a lump sum if your circumstances change.

A lump sum benefit payable if you die early

Challenger lifetime annuities can have a long death benefit period where a lump sum is payable to your estate or nominated beneficiaries.

You may be eligible for an immediate increase in your Age Pension

With a lifetime annuity (Flexible Income option) only a proportion of your investment is counted under the assets test.

The Challenger guarantee

Challenger annuities are guaranteed by Challenger Life, a Life Company regulated by the Australian Prudential Regulation Authority (APRA).