PLAN FOR LIFE

ACTUARIES & RESEARCHERS

WEEKLY IMMEDIATE ANNUITIES & BENCHMARKS REPORT
CONDITIONS OF USE
The Conditions of Use are provided in the next worksheet.
In addition to these general conditions Plan For Life has additional conditions that apply specifically to this report.
These conditions are:

1 I agree to use the Plan For Life Weekly Immediate Annuities & Benchmarks Report for my own purposes only and will not
distribute the report, in any form, to anyone else, without the express written permission of Plan For Life.

2 I acknowledge that the rates are prepared by Plan For Life, using rates or software provided by the companies, should n
regarded as actual quotations, and must in all cases be confirmed in writing by the appropriate company.
3 I agree to acknowledge Plan For Life as the source of the information in any references.

PLAN FOR LIFE PTY LTD ABN 97 006 233 923

Tel: 03 9886 4400
Fax: 03 9886 4522
Email: planforlife@planforlife.com.au
Website: www.planforlife.com.au

Address: 217 Blackburn Rd. Mt Waverley VIC 3149

Mail: PO Box 2398 Mt Waverley VIC 3149

ecifically to this report.

wn purposes only and will not

of Plan For Life.

d by the companies, should not be

iate company.

erley VIC 3149

Plan For Life Conditions of Use, Disclaimers and Disclosure

This Report has been prepared by Plan for Life Pty Ltd ABN 97 006 233 923 (Plan For Life).

No part of this publication may be reproduced or distributed in any form without our express prior written consent.

Plan For Life has taken all reasonable care in preparing this Report and takes no responsibility for inadvertent
errors and omissions, or those due to information received from other parties. If any errors or omissions are
found, these should be brought to our attention so that appropriate corrective action can be taken.
Plan For Life takes no responsibility for the subsequent use of the material provided.

Plan For Life, its employees and associated persons make no recommendations, representations, warranties nor
provide opinions, implied or otherwise about the suitability in general terms of a particular asset type, investment
or insurance and its suitability for any particular individual or organization.
This report is provided as an information service and is not suitable to be acted upon as investment advice
without additional input from an Authorized Representative of an Australian Financial Services License Holder. In
particular, Plan For Life warns that in preparing this report it did not take into account the individual goals and
objectives, anticipated resources, current situation, attitudes or other circumstances of any particular person - in
this regard any such user must consult with an appropriate Authorized Representative Australian Financial
Services License Holder.

Plan For Life is a firm of Consulting Actuaries and Researchers which provides a range of research services
including data, software and consulting services to Investment, Insurance Risk and other financial services
organizations. Plan For Life also provides some of these services to Investment Advisory and Financial Planning
organizations.
Plan For Life is not owned by investment or life insurance product providers or any individual or organization
which provides product or investment advice to companies or individuals.
Plan For Life, its employees and associated persons may hold units, investments or insurances in some of the
products covered by this report.

PLAN FOR LIFE

Actuaries & Researchers

Weekly Immediate Annuities Report

www.planforlife.com.au
RATES as at 15 August 2005

LIFETIME ANNUITIES - SINGLE LIFE

$100,000 PURCHASE PRICE, MONTHLY PAYMENTS, GUARANTEED 10 YEARS
2% INCREASE
MALE 65
FEMALE 65
Initial
Annual
Income

AMP Life
Aviva

5,329
4,416

AXA Australia
CommInsure

4,948
5,631

ING Australia
MLC

5,045
5,268

Initial
Annual
Income

CPI INDEXED
MALE 65
MALE 60

4,983
3,707

4,435
5,145

4,597
4,800

Initial
Annual
Income

4,451
3,931

4,480
4,648

NA
NA

Initial
Annual
Income

NIL INCREASE
MALE 65
FEMALE 65

FEMALE 65
Initial
Annual
Income

3,711
3,502

3,673
3,877

NA
NA

4,127
3,238

3,896
4,090

NA
NA

Annual
Income

6,643
5,688

6,181
6,897

6,369
6,516

Annual
Income

6,284
5,023

5,626
6,417

5,919
6,036

LIFETIME ANNUITIES - JOINT LIVES

$100,000 PURCHASE PRICE, MONTHLY PAYMENTS, 85% REVERSION ON FIRST DEATH, GUARANTEED 10 YEARS
2% INCREASE
M65 F65
M65 F60

AMP Life

Initial
Annual
Income
4,596

R
2

Aviva
AXA Australia

3,629
4,141

CommInsure
ING Australia

4,832
4,332

MLC

4,440

Initial
Annual
Income
4,199

CPI INDEXED
M65 F65
M65 F60

R
2

3,441
3,747

4,507
4,016

4,116

Initial
Annual
Income
3,764

R
2

3,168
3,628

3,798
NA

NA

Initial
Annual
Income
3,394

NIL INCREASE
M65 F65
M65 F60

R
1

2,980
3,150

3,374
NA

Annual
Income
5,900

NA

R
2

4,930
5,350

6,098
5,648

5,664

Annual
Income
5,542

R
2

4,770
4,963

5,808
5,362

5,364

The annuity rates above are based on maximum Initial and nil Trail Commission paid by the companies except where noted.
The annuity rates in the tables are prepared by Plan For Life Pty Ltd using software or rates provided by the companies.
The rates should not be regarded as actual quotations and must in all cases be confirmed in writing with the appropriate companies.
No responsibility is taken by Plan For Life Pty Ltd for inadvertent errors and omissions.
This report is provided as an information service to Companies and Advisers in the Financial Services industry and is not suitable
to be acted upon as investment advice.
It is advisable to obtain investment advice before making any investment decisions relying on the information provided.
Plan For Life Pty Ltd

217 Blackburn Rd

Tel 03 9886 4400

ABN 97 006 23 923

PO Box 2398

Fax 03 9886 4522

planforlife@planforlife.com.au

Mt Waverley VIC 3149

PLAN FOR LIFE

Weekly Immediate Annuities Report

Actuaries & Researchers

www.planforlife.com.au
RATES as at 15 August 2005

SHORT TERM ANNUITIES

PURCHASE PRICE $100,000, 100% RCV, MONTHLY PAYMENTS, NIL INCREASE
1 Year

AMP Life

Annual
Income
4,309

Yield
%pa

2 Year
R

4.31

Aviva
AXA Australia
BT/Westpac

2,902
3,957
4,507

2.90

3.96

4.51

Challenger
CommInsure

4,745
4,527

4.75

4.53

ING Australia
ING (Ex ANZ Life)

3,447
3,400

3.45

3.40

MetLife
MLC

4,544
NA

4.54

Notes:

Annual
Income
4,304

Yield
%pa

3 Year
R

4.30

4,549
4,370
4,601

4.55

4.37

4.60

4,784
4,634

4.78

4.63

3,603
4,310

3.60

10

4.31

4,583
4,332

4.58

4.33

Annual
Income
4,303

Yield
%pa

4 Year
R

4.30

4,481
4,431
4,644

4.48

4.43

4.64

4,822
4,693

4.82

4.69

3,669
4,600

3.67

10

4.60

4,621
4,392

4.62

4.39

Annual
Income
3,759

Yield
%pa

5 Year
R

3.76

4,360
4,334
4,567

4.36

4.33

4.57

4,832
4,694

4.83

4.69

3,707
4,790

3.71

10

4.79

4,660
4,464

4.66

4.46

Annual
Income
3,721

Yield
%pa

3.72

10

4,244
4,463
4,455

4.24

4.46

4.46

4,889
4,714

4.89

4.71

3,732
4,940

3.73

4.94

4,698
4,428

4.70

4.43

100% RCV - 100% Return of Investment on completion of annuity term.

SHORT TERM ANNUITIES

PURCHASE PRICE $100,000, NIL RCV, MONTHLY PAYMENTS, NIL INCREASE
1 Year
Annual
Income

Yield
%pa

2 Year
R

AMP Life
Aviva

101,811
100,789

3.33

1.45

AXA Australia
BT/Westpac
Challenger

101,767
102,119
102,273

3.25

3.89

4.17

CommInsure
ING Australia

101,767
101,471

3.25

2.70

MetLife
MLC

102,030
NA

3.73

Notes:

Annual
Income

Yield
%pa

3 Year
R

51,744
51,852

3.31

3.52

51,815
52,100
52,252

3.45

3.98

4.27

51,846
51,526

3.51

2.90

52,087
51,804

3.96

3.43

Annual
Income

Yield
%pa

4 Year
R

35,056
35,199

3.30

3.57

35,149
35,482
35,586

3.47

4.10

4.29

35,190
34,888

3.55

2.98

35,478
35,100

4.09

3.38

Annual
Income

Yield
%pa

5 Year
R

26,423
26,839

2.74

3.52

26,792
27,103
27,290

3.43

4.02

4.36

26,854
26,576

3.55

3.03

27,243
26,796

4.28

3.44

Annual
Income

Yield
%pa

21,408
21,806

2.71

3.46

21,818
22,043
22,354

3.48

3.89

4.47

21,868
21,594

3.57

3.06

22,270
21,780

4.31

3.41

Yields are monthly nominal returns expressed as a rate per annum.

The annuity rates above are based on maximum Initial and nil Trail Commission paid by the companies except where noted.
The annuity rates in the tables are prepared by Plan For Life Pty Ltd using software or rates provided by the companies.
The rates should not be regarded as actual quotations and must in all cases be confirmed in writing with the appropriate companies.
No responsibility is taken by Plan For Life Pty Ltd for inadvertent errors and omissions.
This report is provided as an information service to Companies and Advisers in the Financial Services industry and is not suitable
to be acted upon as investment advice.
It is advisable to obtain investment advice before making any investment decisions relying on the information provided.
Plan For Life Pty Ltd

217 Blackburn Rd

Tel 03 9886 4400

ABN 97 006 23 923

PO Box 2398

Fax 03 9886 4522

planforlife@planforlife.com.au

Mt Waverley VIC 3149

PLAN FOR LIFE

Weekly Immediate Annuities Report

Actuaries & Researchers

www.planforlife.com.au
RATES as at 15 August 2005

LONG TERM ANNUITIES With Increases (Complying Annuity rates used where different)
PURCHASE PRICE $100,000, NIL RCV, MONTHLY PAYMENTS, 2% PA INCREASES

AMP Life

6 Year 2% Increase

10 Year 2% Increase

13 Year 2% Increase

15 Year 2% Increase

20 Year 2% Increase

Initial
Annual
Income
17,228

Initial
Annual
Income
11,149

Initial
Annual
Income
8,970

Initial
Annual
Income
8,005

Initial
Annual
Income
6,448

Yield
%pa

2.72

Aviva
AXA Australia

17,462
17,578

3.17

3.39

BT/Westpac
Challenger
CommInsure

17,805
17,932
17,743

3.82

4.06

3.71

MetLife
MLC

17,784
17,640

3.78

3.51

Yield
%pa

3.96

10,845
11,254

3.40

4.16

11,248
11,408
11,331

4.15

4.44

4.30

11,218
11,004

4.09

3.70

Yield
%pa

4.23

8,671
9,088

3.68

4.44

9,002
9,174
9,145

4.28

4.59

4.54

8,991
8,616

4.27

3.58

Yield
%pa

4.34

7,692
8,102

3.78

4.51

8,010
8,186
8,156

4.35

4.66

4.61

8,006
7,500

4.34

3.43

6,094
6,474
NA
6,587
6,542
6,388
5,916

Yield
%pa

4.52

4.11

4.57

4.76

4.68

4.42

3.60

LONG TERM ANNUITIES With Increases (Complying Annuity rates used where different)
PURCHASE PRICE $100,000, NIL RCV, MONTHLY PAYMENTS, CPI INDEXATION
6 Year CPI Index

AMP Life
Aviva
AXA Australia
Challenger
CommInsure
Notes:

Initial
Annual
Income
16,463
16,732
16,827
17,064
16,964

Real
Yield
%pa

10 Year CPI Index

(0.40)

0.13

0.32

0.78

0.58

Initial
Annual
Income
10,277
10,232
10,411
10,505
10,506

Real
Yield
%pa

13 Year CPI Index

0.54

0.46

0.80

0.99

0.99

Initial
Annual
Income
8,089
8,049
8,191
8,261
8,286

Real
Yield
%pa

15 Year CPI Index

0.78

0.70

0.97

1.10

1.15

Initial
Annual
Income
7,118
7,082
7,251
7,269
7,304

Real
Yield
%pa

20 Year CPI Index

0.88

0.81

1.13

1.16

1.23

Initial
Annual
Income
5,543
5,509
5,623
5,666
5,550

Real
Yield
%pa

1.05

0.98

1.19

1.27

1.06

Yields are monthly nominal returns expressed as a rate per annum.

The annuity rates above are based on maximum Initial and nil Trail Commission paid by the companies except where noted.
The annuity rates in the tables are prepared by Plan For Life Pty Ltd using software or rates provided by the companies.
The rates should not be regarded as actual quotations and must in all cases be confirmed in writing with the appropriate companies.
No responsibility is taken by Plan For Life Pty Ltd for inadvertent errors and omissions.
This report is provided as an information service to Companies and Advisers in the Financial Services industry and is not suitable
to be acted upon as investment advice.
It is advisable to obtain investment advice before making any investment decisions relying on the information provided.
Plan For Life Pty Ltd

217 Blackburn Rd

Tel 03 9886 4400

ABN 97 006 23 923

PO Box 2398

Fax 03 9886 4522

Mt Waverley VIC 3149

planforlife@planforlife.com.au

PLAN FOR LIFE

Actuaries & Researchers

Weekly Immediate Annuities Report

www.planforlife.com.au
RATES as at 15 August 2005

LONG TERM ANNUITIES Level Income (Complying Annuity rates used where different)
PURCHASE PRICE $100,000, NIL RCV, MONTHLY PAYMENTS, NIL INCREASE
6 Year Nil RCV

AMP Life
Aviva
AXA Australia

Annual
Income
18,062
18,308
18,414

BT/Westpac
Challenger
CommInsure
ING Australia
MetLife
MLC
Notes:

Yield
%pa

10 Year Nil RCV

R

2.68

3.14

3.34

18,665
18,809
18,603
18,276
18,656

3.80

4.06

3.69

3.08

3.78

18,480

3.46

Annual
Income
12,103
11,784
12,204

Yield
%pa

13 Year Nil RCV

R

3.92

3.35

4.10

4.12

4.44

4.28

3.56

12,216
12,401
12,308
11,900
12,202

4.09

11,952

3.65

Annual
Income
9,983
9,665
10,087

Yield
%pa

15 Year Nil RCV

R

4.18

3.64

4.35

4.25

4.59

4.52

3.87

10,026
10,230
10,184
9,803
10,035

4.27

9,600

3.52

Annual
Income
9,053
8,716
9,134

Yield
%pa

20 Year Nil RCV

R

Annual
Income
7,571
7,185
7,575

4.29

3.73

4.43

4.31

4.66

4.58

3.95

9,065
9,278
9,230
8,845
9,084

4.34

NA
7,758
7,692
7,314
7,540

8,496

3.36

6,984

Yield
%pa

4.47

3.86

4.47

4.76

4.65

4.07

4.42

3.54

Yields are monthly nominal returns expressed as a rate per annum.

The annuity rates above are based on maximum Initial and nil Trail Commission paid by the companies except where noted.
The annuity rates in the tables are prepared by Plan For Life Pty Ltd using software or rates provided by the companies.
The rates should not be regarded as actual quotations and must in all cases be confirmed in writing with the appropriate companies.
No responsibility is taken by Plan For Life Pty Ltd for inadvertent errors and omissions.
This report is provided as an information service to Companies and Advisers in the Financial Services industry and is not suitable
to be acted upon as investment advice.
It is advisable to obtain investment advice before making any investment decisions relying on the information provided.
Plan For Life Pty Ltd

217 Blackburn Rd

Tel 03 9886 4400

ABN 97 006 23 923

PO Box 2398

Fax 03 9886 4522

Mt Waverley VIC 3149

planforlife@planforlife.com.au