More income in the early years when you need it most

Introducing LifeIncome LifeBooster 

Research in Australia and globally shows that spending in retirement actually declines over time. Spending tends to slow at around 70 and decreases rapidly after 80. What if you could actually bring retirement income forward into the earlier years of retirement? Generation Life has developed a feature within its new and innovative investment-linked lifetime annuity that does just that.

Generation Life’s new lifetime annuity - LifeIncome - is designed to optimise your retirement income and complement other retirement solutions such as an account-based pension. A key feature of LifeIncome is LifeBooster which enables you to receive more income in the earlier years of retirement.

LifeIncome offers you the choice of two LifeBooster rates that enables you to optimise your starting income while aligning to your longer term retirement goals and objectives.

The power of LifeBooster

Access to more income sooner

To enable you to tailor your income requirements over time, LifeIncome offers two LifeBooster rates of 5% and 2.5%, which optimise starting your income while still allowing your income to grow over the life of your investment.

Optimise your starting income with LifeBooster

• Your starting income can increase by as much as 71% compared to if no LifeBooster rate was applied.*

• Your investment is paid back in the form of cumulative income sooner.

• You will receive more income in the early years when you’re more active and able to enjoy it.

To illustrate the benefits, let’s compare how LifeIncome would work with and without LifeBooster.

Comparing first year income

Please see assumptions at the bottom of this article.

Comparing cumulative income

The graph below demonstrates that cumulative income is higher in the earlier years of your investment, and that you will receive your investment back sooner in the form of income when LifeBooster is applied.

Please see assumptions at the bottom of this article.

Don't miss out on the opportunity to more closely align your income with your spending patterns over your retirement journey. At Generation Life we understand retirement is not just a financial decision, it’s an emotional journey.

*67-year-old-male, $100,000 investment, LifeBooster rate 5%. Refer to the Product Disclosure Statement for more information.

Assumptions for “Comparing first year income” graph: 67-year-old male, $100,000 investment, LifeBooster rate 5% and 2.5%.

Assumptions for “Comparing cumulative income” graph: Male 67 years old, initial investment $100,000, estimated total fees, expenses and costs of 1.22%. Vanguard Balanced Portfolio returns are actual from 2003 and are constructed using indices and approximate asset allocation from 1992. Past performance is no indication of future performance. In this example LifeIncome without LifeBooster would pay more cumulative income only after the investor exceeds 87 years old for LifeBooster 5% rate, and exceeds 88 years old for LifeBooster 2.5% rate.