Table of Contents
Helping with the costs of aged care
Challenger CarePlus provides a fixed monthly payment to help with the ongoing costs of aged care. It’s for people who are receiving or planning to receive government subsidised aged care services.
The monthly payments continue for the lifetime of the investor. Upon their death the original amount invested is paid to the nominated beneficiary or estate.1
1 If the policy owner is a resident of South Australia at the time of investment, the death benefit will equal 100% of the amount invested less the amount of state stamp duty paid by Challenger on their behalf. 100% of the lump sum invested is returned to the beneficiary or the estate on the death of the person in care.
Why consider CarePlus?
Guaranteed regular income
Provides guaranteed monthly payments for the life of the investor, helping to fund aged care costs and living expenses.
Estate planning
100% of the lump sum invested is returned to the beneficiary or the estate on the death of the person in care.1
Potential Age Pension increase
After investing in CarePlus, any Age Pension you receive may increase.
Potential reduction in aged care costs
After investing in CarePlus, the amount you pay for aged care may reduce.
Competitive payment rates
CarePlus has competitive payment rates.
No fees
There are no fees or charges payable to Challenger.
Read and consider the PDS and TMD for more information.
1 If the policy owner is a resident of South Australia at the time of investment, the death benefit will equal 100% of the amount invested less the amount of state stamp duty paid by Challenger on their behalf. 100% of the lump sum invested is returned to the beneficiary or the estate on the death of the person in care.
CarePlus payment rates
| Age | Male | Female |
|---|
* Age at commencement of annuity
CarePlus
Current from 25 Nov 2024 to 1 Dec 2024
| Age | Male | Female |
|---|---|---|
| 75 | $4,993 | $5,041 |
| 80 | $4,992 | $5,015 |
| 85 | $5,003 | $4,997 |
| 90 | $5,023 | $4,991 |
| 95 | $5,051 | $4,997 |
Current annual payments for every $100,000 you invest in CarePlus are illustrated above. Age shown is age at commencement of annuity.
What are the risks of investing
All investments carry some risk. Listed below are key risks that you should consider when deciding whether CarePlus is right for you.
Additional reading
Frequently asked questions
Read more about aged care
Aged care guide
Useful documents and links
Below we’ve provided information that you should consider before you make a decision to purchase a financial product. We also recommend that you speak to your financial adviser.