Are Challenger annuities safe?
A Challenger term annuity is a secure investment that provides a guaranteed, regular income for a fixed term you choose, regardless of how share markets perform, and with flexible capital return options at maturity.
Is Challenger an Australian company?
Challenger Limited is an Australian public investment management company that provides funds and asset management services to retail and institutional customers. The company employs approximately 740 people and has operations in Australia, Tokyo, London, New York and Stockholm.
How much does a lifetime annuity pay?
An annuity will distribute a guaranteed income between $4,167 and $12,110 per month for a single lifetime and between $3,750 and $11,149 per month for a joint lifetime (you and spouse). The income amounts are factored by the age you purchase the annuity contract and the length of time before taking the income.
How does a Challenger annuity work?
How do annuities work? You invest some of your savings with Challenger and we pay you regular payments for either a fixed period or for the rest of your life depending on the type of annuity you choose. If you choose a Challenger lifetime annuity, we will continue to provide your payments for as long as you live.