What is a fixed term annuity?

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With a Challenger Guaranteed Annuity (Fixed Term Direct), you can enjoy competitive rates and get a fixed payment on your investment for a term you choose. It operates in a similar way to a term deposit*. 

The regular income we agree to pay you and the return of the amount invested is guaranteed by Challenger.

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* Annuities are not covered by the Australian Government’s Financial Claims Scheme, which protects certain types of deposits in the event that a bank, building society or credit union fails. Before investing, read the relevant TMD & PDS. Issued by Challenger Life Company Limited ABN 44 072 486 938.



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Challenger Life is Australia’s largest provider of annuities and provides guaranteed regular income to thousands of customers. We’re a multi-award-winning Life Company and have $22 billion in assets under management (as at 30 June 2022)....

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