You can now get income boosts of 20% for the first year

With our Living Annuity, you choose the income you want to receive. We reward your positive investment behaviours with boosts of up to 50% to your retirement income, for life, simply for living well and withdrawing your retirement income wisely.

If you have no Vitality or Blue Vitality status, our current offer will provide you with the same boosts as a Bronze Vitality status client for the first 12 months of retirement, based on your chosen withdrawal rate.

 

Secured financial independence in retirement

Income boost

If you have no Vitality or Blue Vitality status, you will now get an income boost of up to 20% when invested in qualifying Discovery funds or an income boost of up to 12.5% when invested in qualifying Cogence solutions.

After 12 months

After the first year, you will receive your normal boost percentage based on your status and withdrawals.

Who qualifies?

If you have Bronze, Silver, Gold or Diamond Vitality status you will receive the normal boost percentage applicable to your status.

This offer applies from 23 September 2024 to 13 December 2024.

Speak to your financial adviser to find out more.

Cases in the pipeline as at 23 September 2024 will qualify for the current offer. All documents must be received by 13 December 2024 and money received by 20 January 2025 to qualify for the current offer. Only new Living Annuities written during this period will qualify for the current offer (replaced policies will not qualify). There will be no change to existing clients. Tax will be calculated based on the total annuity payment including the additional income from the income boost.

This document is meant only as information and should not be taken as financial advice. For tailored financial advice, please contact your financial adviser. Discovery Life Investment Services Pty (Ltd), registration number 2007/005969/07, branded as Discovery Invest, is an authorised financial services provider. All life insurance products are underwritten by Discovery Life Ltd, registration number: 1966/003901/06, a licensed life insurer and an authorised financial services provider and registered credit provider, NCR registration number NCRCP3555. All boosts are offered through the insurer, Discovery Life Limited. The insurer reserves the right to review and change the qualifying requirements for boosts at any time. Product rules and terms and conditions apply.

 
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