Until 22 December, we're offering up to $1,000 for new applications received. T&Cs apply.
How it works
So how do you turn a lump sum into an income that will last the rest of your life?
When you invest with Lifetime, your savings are invested in a balanced fund and your income is insured to make sure it lasts as long as you do.
All your returns from the balanced fund are credited to your investment account. Fees, tax, and your regular income payments are debited from your account.
Regular income payments are paid to you every fortnight. Your income is insured and guaranteed for life, regardless of what happens to interest rates or financial markets.
Spend your income however you like. If anything changes, you're free to withdraw all or part of your investment. If you pass away, your remaining capital goes to your estate.
Benefits of Lifetime
A guaranteed income for life
Lifetime gives you certainty. You know you’ve got money coming in every fortnight to pay the bills, just like when you were working.
Protects your downside
You don’t need to worry about stock market crashes or low interest rates affecting your income. With Lifetime, you have a guaranteed income, for life.
Your money is always yours
If you need to withdraw some, or all of your savings down the track, you can. It’s your money and it’s always available. If you pass away, your remaining capital will go to your estate.
Your income is secure
Lifetime is licensed as an insurer by the Reserve Bank of New Zealand and regulated by the Financial Markets Authority. Your investment is held and supervised by the Public Trust, a crown entity.
See how much income your nest egg could generate using our Retirement Income Calculator.
Meet the team
Sir Michael Cullen is the former Deputy Prime Minister and Finance Minister of New Zealand. During his time in Government, he was responsible for setting up KiwiSaver and establishing the New Zealand Superannuation Fund. Sir Michael has also been Attorney-General of New Zealand and Chairman of New Zealand Post.
Director & Chairperson
Diana Crossan was the Retirement Commissioner of New Zealand for ten years. Prior to this, Diana was a Senior Executive with AMP in the UK and New Zealand and has held senior leadership roles in the public and SOE sectors. Her past directorships include Mighty River Power and New Zealand Post.
Martin Hawes is one of New Zealand’s leading financial commentators. An authorised financial adviser, Martin has authored multiple books and publications on personal financial planning. He is also a columnist for the Sunday Star Times and stuff.co.nz.
November 30 2017
Many of us are completely unprepared for retirement. According to well-known financial commentator, Liz Koh, 'the need for people to start planning is massive. Many baby boomers don't really have a clue how they’re going to fund their retirement...'
If you have any questions, please feel free to give us a call or send us an email.