Contract owners of registered index$-$linked annuities $($RILAs$)$ can lose money based on decreases in the value of the stock market index, but they can limit their losses by using floors and buffers. For a given RILA, suppose that, at the end of the term, the index dropped $25\%$ in value, but the RILA's accumulated value decreased by $10\%.$ With regard to floors and buffers, this RILA has a floor of $5\%$ floor of $15\%$ buffer of $5\%$ buffer of $15\%$