Asteron longevity income stream (ALIS)

As Australia's population grows older, the likelihood of many retirees outlasting their savings becomes more likely. This could leave many people relying on government pensions in what could be their most expensive retirement years.

To help bridge this gap and give your clients greater certainty that they will be able to afford the lifestyle they want - for as long as they want it - Asteron have developed a unique solution.

An Australian first - a retirement income plan that lasts as long as your clients

Asteron Longevity Income Stream can be used in conjunction with traditional income streams to give your clients an income for as long as they live.

It's designed to complement traditional income streams - like allocated pensions - by kicking in when they are running out. This gives your clients the freedom to spend their retirement income each year, without having to worry that their funds will run out.

How ALIS works

At retirement age, your client puts a small portion of their super into ALIS, and the remainder into an allocated pension. For the next 15-30 years - known as the Establishment Phase - their ALIS contribution grows, and they live on the income from the allocated pension. When their allocated pension is expected to run out (ie at their Conversion Age of 80-85), ALIS goes into its Income Phase - where it pays an income to your client for the rest of their life.

> Client retirement income solution (CRIS) Asteron's client retirement income solution (CRIS) is a service which helps you put together a retirement plan for your clients.

This is general advice and does not take into account your objectives, financial situation or needs. Before acting on this general advice you should consider the Product Disclosure Statement and the appropriateness of the advice having regard to your situation.

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