Floor: You absorb losses down to a floor; the insurer absorbs any excess. On the upside, you get an index's return up to a cap. With a 10% floor and a 15% cap, if an index is down 9% you eat the loss; if it's down 19%, you absorb 10%; the insurer absorbs the rest. With a 20% gain, you get 15%. These RILAs are linked to the S&P 500.