Magister - Annuity for children

Every child has a talent, has skills, has a future. You are the one who broadens his horizons, offers him PERSPECTIVES.

As your child travels the long road from childhood to maturity, your are permanently concerned with his welfare, you worry about him, you love him and what you want most is to protect him. You want him to grow up in a stable world, in safety, and have a sure financial future. You want guarantees that he will be all right! You prepare him, you take care of his health, you look for the best kinder gardens, schools and teachers.

And, if you plan it in time, you may offer him the necessary resources for a beautiful start in his adult life: studies at a prestigious school, a business, a house!

Be prepared for your child’s future! Guarantee him protection and stability.

The Magister children’s annuity of BCR Asigurari de Viata VIG is a flexible saving and protection product which guarantees your child the amount of money that he needs, plus the capitalization resulting during the contract period.

• The child benefits from a guaranteed amount of money at the moment chosen by you;
• He may use the money for whatever he needs: to finance his studies, to start up a business, to buy a house, to have his dream wedding;
• He will benefit from this money no matter what happens to you by then;
• You establish the amount of money that your child will benefit from;
• You choose the manner and frequency of payment that are most convenient to you;
• The value of the insured amount may be increased every year, depending on the inflation rate;
• Your child’s annuity is not subject to taxation, according to the laws in force;
• Your child will have the financial resources and stability at the beginning of his adult life;
• The value of the Magister annuity is guaranteed in the contract since the payment of the first insurance premium.

How to make your child’s start in life more easier

• It is time to think about a life insurance whenever an important event brings changes into your life: marriage, birth of a child, buying a house;
• Think of life insurance as a safety financial measure for your child in case you will no longer be able to help him or if, after he finishes high-school, he needs a more consistent financial support than the one you may offer him;
• Make an estimative calculation: what amount would your child need when he comes of age, either we talk about continuing his studies, or other projects;
• Get informed of school costs and, in general, of the costs of student life;
• Start saving with the frequency that advantages you, but be consistent!
• Save in time and protect your child since his first days of life! The smaller your child is and the younger you are, the more reduced is the protection cost, and the value of your child’s annuity is bigger;
• Keep in touch with your life insurance counselor, he will help you maximize the benefits of your life insurance.

Your BCR Asigurari de Viata VIG insurance advisor may provide you with a free analysis of your needs so that you may make the best decision for you.