Registered index-linked annuity
FlexGuard
Prudential's original FlexGuard accumulation RILA with buffered equity segments and several crediting designs.
Buffer
100%
Protection terms vary by segment and do not make the contract principal-protected.
RILA contracts can offer index-linked upside with a stated buffer, floor, or downside participation rule. They can still lose value under market and contract conditions, and they are not MYGA-style fixed-rate guarantees.
Product data status: July 16, 2026
Source: AdvisorWorld public product detail from CANNEX. Rates vary by state, premium band, issue age, index segment, and crediting term. RILA buffers, floors, downside participation, caps, participation rates, fixed rates, and spreads are separate point-in-time contract mechanics; they can change and are not guaranteed yields. Educational only; not advice, a quote, or a carrier-approved illustration. Confirm the current prospectus, state-approved contract version, and carrier materials before purchase. Guarantees are backed by the issuing carrier's claims-paying ability and are not FDIC-insured.
How this product works
How the 100% buffer works
For buffer segments, the insurer absorbs the first 100% of a linked-index loss for that segment term. If the index falls by more than the buffer, the contract loses value by the amount beyond it. These are forms of limited downside protection, not principal protection.
Because this is an SEC-registered product, compare the current prospectus, contract, segment term, crediting limit, fees, and surrender rules before purchase.
Downside-aware simulator
Test an index segment outcome
Principal is not protected. This educational one-segment scenario can gain or lose value and is not a carrier illustration.
Starting value
$100,000
Segment return
-15.00%
Ending value
$85,000
Buffer: credited loss = min(0, index return + buffer). Floor: credited loss = max(index return, −floor). Upside participation is applied before any cap; an annual strategy fee is compounded across the listed segment term.
Buffer
100%
S&P 500 Index · 1-year term · Point-to-point · Annual
Downside buffer for the listed index-linked segment; losses beyond the buffer can still apply.
Cap
300%
MSCI EAFE Index · 3-year term · Point-to-point · 3-year crediting
Crediting cap for the listed index-linked segment; actual crediting depends on index performance and contract terms.
State coverage
49
Available jurisdictions
Availability should be confirmed for the client's state and contract version.
Best current strategy by index and term
Scenario: $100,000 premium, issue age 60, Texas unless state-restricted. Source: AdvisorWorld CANNEX RILA detail. Information current as of July 16, 2026.
AB 500 Plus Index
3-year term · Point-to-point
Buffer
10%
Participation
100%
AB 500 Plus Index
3-year term · Point-to-point
Buffer
20%
Cap
45%
AB 500 Plus Index
6-year term · Point-to-point
Buffer
20%
Participation
100%
AB 500 Plus Index
6-year term · Point-to-point
Buffer
30%
Cap
65%
Dimensional International Equity Focus Index
6-year term · Point-to-point · Best of 2 available options
Buffer
20%
Cap
290%
Invesco QQQ Trust Series 1
1-year term · Point-to-point · Best of 3 available options
Buffer
10%
Cap
20.5%
iShares Russell 2000 ETF
1-year term · Point-to-point · Best of 3 available options
Buffer
10%
Cap
23.75%
iShares Russell 2000 ETF
3-year term · Point-to-point · Best of 2 available options
Buffer
10%
Cap
110%
iShares Russell 2000 ETF
6-year term · Point-to-point · Best of 2 available options
Buffer
20%
Cap
125%
MSCI EAFE Index
1-year term · Enhanced Cap Rate- Spread A · Point-to-point · Best of 6 available options
Buffer
10%
Cap
25%
MSCI EAFE Index
1-year term · Enhanced Cap Rate- Spread B · Point-to-point
Buffer
10%
Participation
100%
MSCI EAFE Index
3-year term · Point-to-point
Buffer
10%
Participation
100%
MSCI EAFE Index
3-year term · Point-to-point
Buffer
20%
Cap
300%
MSCI EAFE Index
6-year term · Point-to-point
Buffer
20%
Participation
100%
MSCI EAFE Index
6-year term · Point-to-point
Buffer
30%
Cap
100%
S&P 500 Index
1-year term · Enhanced Cap Rate- Spread B · Point-to-point · Best of 10 available options
Buffer
10%
Cap
25%
S&P 500 Index
3-year term · Point-to-point · Best of 2 available options
Buffer
10%
Cap
75%
S&P 500 Index
6-year term · Point-to-point · Best of 5 available options
Buffer
10%
Cap
90%
Step Rate Plus
1-year term · Step Rate Plus · Best of 3 available options
Buffer
10%
Crediting
Not shown
Tiered Participation
6-year term · Tiered Participation · Best of 9 available options
Buffer
10%
Crediting
Not shown
What stands out
- • Buffered segments cover the S&P 500 and several domestic and international equity exposures.
- • The menu includes cap, tiered-participation, step, and spread-enhanced crediting designs.
- • Prudential carries an A-plus A.M. Best rating in the current carrier data.
What to watch
- • Losses beyond the selected buffer reduce contract value.
- • Enhanced and tiered strategies use different mechanics and may include spreads; compare the complete strategy option.
- • This original FlexGuard contract version has no current guaranteed lifetime-income option.
Who it may fit
Buyers who want buffered market-linked growth from a strong carrier and can hold through segment terms.
Who should look elsewhere
Buyers requiring full principal protection, guaranteed lifetime income, or simple fixed crediting.
Liquidity
Free withdrawal: 10%/yr
Surrender periods shown: 6
Premium range
Minimum: Not shown
Maximum: Not shown
Documents
No carrier documents are currently available for this product.
Surrender schedule
Carrier ratings
AM Best: A+ — Superior
S&P: AA- — Very strong
S&P: AA- — Very strong
Prospectus and documents
This is an SEC-registered product. Read the current prospectus and state-approved contract for segment rules, fees, withdrawals, and surrender terms.
RILA questions
Can this product lose value?
Yes. Principal is not protected; linked segments can lose value when negative index performance exceeds the selected protection or under other contract terms.
How are a buffer and floor different?
A buffer absorbs the first stated portion of a loss and passes through the excess. A floor caps the segment loss at the stated amount.
What limits positive returns?
Depending on the segment, a cap, participation rate, spread, strategy fee, or combination can limit credited upside.
Structured product features
Free withdrawal
10%/yr
Annual amount that may be available without surrender charges, subject to contract terms.
Surrender waivers
2
Medically related surrenders, RMD waiver
Death benefit
ROP Death Benefit
Beneficiary value depends on contract terms, withdrawals, and rider elections.
Cap-rate floor
1.00%
Minimum guaranteed cap for cap-based indexed strategies.
Declared-rate floor
1.00%
Minimum guaranteed declared rate for declared-rate or performance-trigger strategies.
Participation-rate floor
5.00%
Minimum guaranteed participation rate for participation-rate indexed strategies.
Maximum spread
3.00%
Maximum spread: 3.00%
Annuitization options
Single and joint
Contract conversion options should be confirmed before purchase.