What does leaving a legacy mean to you? All across the country, many Baby Boomers are searching for a way to establish a comfortable foundation for retirement. However, a large number of people would also like to make sure that they are leaving something significant behind for their loved ones. Of course, that goal can be much easier said than done, especially when you are struggling to create your own wealth.

When people talk about annuities, oftentimes the first thoughts turn to guaranteed lifetime income. And, to be sure, establishing guaranteed sources of lifetime income is a critical thing to do after those work paychecks disappear. But, annuities have a number of different features, depending upon which one you select, and quite a few go beyond only providing safe income.

If you are searching for a way to provide a long-lasting legacy for your family, the Global Atlantic Choice Accumulation II Fixed Index Annuity is worth a look. This annuity is a strong, A-Rated annuity, and it has all of the options you may be accustomed to when it comes to this financial vehicle. The Choice Accumulation II Fixed Index Annuity is a safe growth focused annuity, which means you will be picking up the usual ways to accumulate assets, and you will be protected from market loss along the way with the 0% floor guaranteed like all Fixed Index Annuities. So, if the market does well - your assets accumulate; if the markets go down - you don’t lose a thing.

However, what really makes the Global Atlantic Choice Accumulation II Fixed Index Annuity stand out is its legacy option. This optional Enhanced Death Benefit is available for a fee, and it offers one of the more unique abilities in the annuity industry. If selected, this benefit receives a guaranteed growth of 7% of your premium for up to 15 years. That means, if you select an annuity worth $100,000, your Enhanced Death Benefit could be worth $205,000 after 15 years. At the end of the day, there are so few options out there to guarantee 7% interest without exposing your assets to market risk, so this is certainly an eye-catching feature.

There is no doubt that the Choice Accumulation II annuity brings some versatility to the table. Obviously, its legacy benefits are pretty unparalleled in the industry. But, it can also be a solid source of growth and guaranteed income. This annuity has a number of different market-linked index strategies available, including the Franklin US, BlackRock Diversa TM, PIMCO Balanced, and S&P 500 to name a few. Additionally, fixed options allow you to acquire steady income.

It is worth mentioning that those who are looking primarily for a growth annuity, or something that provides the most possible guaranteed income may want to look at other options. The Choice Accumulation II caps their participation rates at 65%, which is easily bested by other annuities on the marketplace. Additionally, there are better options out there for those looking for long-term care assurance. Some annuities offer benefit riders that increase income for those who can’t complete daily living activities, but this is not one of those annuities.

Overall, the Global Atlantic Choice Accumulation II Fixed Index Annuity is unique in its ability to provide you with a long-lasting legacy to transform the financial future of your family. Moreover, there are solid options available that will provide safe growth opportunities, as well as guaranteed lifetime income sources making the Choice Accumulation II Fixed Index Annuity one of the few on the market that excels in each area, Growth, Lifetime Income, and Legacy.  However, if your primary goal is huge growth potential, the ability for major guaranteed  lifetime income, or assistance with long-term care, there may be better options available for you.