Lifetime Guaranteed Income

This investment provides a series of regular payments for your lifetime if, for instance, you’re retired but would still like the security of a steady income. The payments are guaranteed by The Colonial Mutual Life Assurance Society Limited, a registered life insurer.

Features and benefits

Lifetime income
Receive a guaranteed regular income for the rest of your life.

Payment flexibility
Choose to receive payments monthly, quarterly, half-yearly or yearly and by cheque or direct to your bank, building society or credit union account.

Easy budgeting
You know exactly how much will be paid to you each payment period.

Investment options
You can invest using superannuation savings or personal savings.

Increasing your payments
Choose to have your payments increased each year by a fixed rate of up to 8% or by increases in the CPI, to help you keep up with increases in the cost of living.

Guaranteed period for lifetime investments
You can choose to have a minimum period of up to your life expectancy during which payments must be made for lifetime investments. This is known as a guaranteed period. If you die, payments will continue to the end of the guaranteed period.

Minimum investment
The minimum investment amount is $20,000.

Tax advantages
Payments are tax free for those 60 and over who are investing with superannuation money. For those who are 55 to 59, a tax offset of up to 15% applies.

More information

For information or to apply for Lifetime Guaranteed Income, please read the current Lifestream Guaranteed Income Product Disclosure Statement available from your Adviser or call our Customer Service Centre on 13 10 56 between 8am and 8pm (EST), Monday to Friday.

• Important Information
  The information contained on this web page is of a factual nature only and is not intended to constitute financial product advice. It has been prepared without considering your individual objectives, financial situation or needs. You should consider its appropriateness in light of your circumstances and consider seeking professional advice relevant to your individual needs before making a decision based on this information.
  
  Lifestream Guaranteed Income Annuities is issued by The Colonial Mutual Life Assurance Society Limited ABN 12 004 021 809 AFSL 235035 (CMLA). CommInsure is a registered business name of CMLA.
  
  Product Disclosure Statements (PDS) for Lifestream Guaranteed Income is available from your Financial Adviser or by calling 13 10 56 and should be considered before making any decision about the product. Commonwealth Financial Advisers are representatives of Commonwealth Financial Planning Limited ABN 65 003 900 169, AFSL 231139.
  
  The offer made in this PDS is currently available only to persons receiving this document within Australia. Applications from outside Australia will not be accepted.
  Superannuation and taxation considerations are general and based on present superannuation and taxation laws, rulings and their interpretation as at 14 July 2008.