A transition into aged care is often a complex and emotional process. Whether managing the transition personally, or on behalf of a loved one, having some certainty around the financial aspects of this transition is invaluable
Challenger's CarePlus (CarePlus) helps to manage aged care costs by providing regular payments for the life of the investor as well as providing the peace of mind that 100% of the amount invested will be paid on death to either a nominated beneficiary or to the estate of the investor (residents of South Australia will receive 100% of the amount invested less the amount of stamp duty initially paid by Challenger).
Who is eligible for CarePlus
CarePlus is available to those over 18 years of age and:
- who have an Aged Care Assessment Team (ACAT) approval that specifies eligibility to receive Government-subsidised aged care services (including home care), or
- currently reside in an approved residential care facility.