No. You have the right to keep living in your home for as long as you wish, so long as it is safe to do so and you meet the ongoing occupancy obligations and terms of the Agreement.

No. You can require the whole of the home to be sold at any time. While we have no obligation to sell our interest in your home to you, you can request Lifetime to consider a request.

Yes. We strongly believe that Lifetime Home is a life-changing product for those seniors who want to tap into their largest asset to provide a more comfortable, choice-filled retirement. We also understand that selling an interest in your home is a huge, and often emotional, decision. We want you to be sure. That’s why we’ve included a 90-day ‘cooling off’ period that kicks in when you enter a Lifetime Home Agreement, allowing you to cancel at any time within this period with no penalty. You will only be required to repay any actual income received prior to cancellation.

We also encourage you to discuss Lifetime Home with your family and financial or other trusted advisers before you make your final decision. Finally, we require you to take advice from a lawyer (and preferably a financial adviser) before you sign and that your professional advisers confirm that you fully understand the contract and what it means for you.

Lifetime Home is paid for its interest on sale.

When entering into the Agreement both members must be aged at least 70, the payments are paid for up to 10 years from the time the Agreement commences. If a partner dies, the same payments continue for the initial period set. The surviving partner lives in the home for as long as they wish, so long as it is safe to do so and they meet the ongoing terms of the Agreement.

The minimum age for a single person is 70 years. For a couple both partners must be aged at least 70 years.

No. Your home must be free of any mortgage or encumbrances to be eligible for Lifetime Home.

Yes. Lifetime Home is not available for a beach house or an investment property.

No. The payments are capital payments for a share of the home and should not be taxable to the homeowner, subject to any changes in government policy or law.

You are responsible for keeping the home fully insured with a licensed insurer who has a credit rating of at least A- and approved by Lifetime, and the homeowner must pay the premiums.

You are responsible for ensuring the Home is maintained to a good standard, always insured, and rates are paid when due and at their cost.

You are responsible for meeting the costs of maintaining the home in good condition.