# EDGAR Filing Document

**Accession Number:** 0002077810
**File Stem:** 0002077810-26-000123
**Filing Date:** 2026-4
**Character Count:** 57562
**Document Hash:** 23f80731b4651f694f2d91248a1a5052
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002077810-26-000123.hdr.sgml**: 20260422

**ACCESSION NUMBER**: 0002077810-26-000123

**CONFORMED SUBMISSION TYPE**: 497VPU

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20260422

**DATE AS OF CHANGE**: 20260422

**EFFECTIVENESS DATE**: 20260422

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Pruco Life Insurance Co (RILA/MVA)
- **CENTRAL INDEX KEY:** 0002077810

**ORGANIZATION NAME:**
- **EIN:** 221944557
- **STATE OF INCORPORATION:** AZ
- **FISCAL YEAR END:** 1231
- **LEGAL ENTITY IDENTIFIER:** WD1VLJACN4N8BKI6YK62

**FILING VALUES:**
- **FORM TYPE:** 497VPU
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-288845
- **FILM NUMBER:** 26884717

**BUSINESS ADDRESS:**
- **STREET 1:** 213 WASHINGTON STREET
- **CITY:** NEWARK
- **STATE:** NJ
- **ZIP:** 07102
- **BUSINESS PHONE:** 973-802-7333

**MAIL ADDRESS:**
- **STREET 1:** 213 WASHINGTON STREET
- **CITY:** NEWARK
- **STATE:** NJ
- **ZIP:** 07102

## Series and Classes Contracts Data

### Pruco Life Insurance Co (RILA/MVA) (Series ID: S000095790)

| Class ID   | Class Name                          | Ticker Symbol   |
|:---|:---|:---|
| C000264546 | Prudential FlexGuard 2.0 (B Series) |  |

**PRUCO LIFE INSURANCE COMPANY**<br>A Prudential Financial Company<br>751 Broad Street, Newark, NJ 07102-3777

**PRUDENTIAL FLEXGUARD 2.0<br>Flexible Premium Deferred Registered Index-Linked and Variable Annuity ("B SERIES")<br>Updating Summary Prospectus<br>May 1, 2026**

You should read this Updating Summary Prospectus carefully, particularly the section titled "Important Information You Should Consider About the Annuity".

An updated statutory prospectus for Prudential FlexGuard Index-Linked Variable Annuity Contract is currently available online, which contains more information about the Annuity, including its features, benefits, investment options, and risks. You can find the statutory prospectus and other information about the contract online at <u>www.prudential.com/PLAZ-FlexGuard2.0-STAT</u>. You can also obtain this information at no cost by calling 1-888-PRU-2888 or by sending an email request to service@prudential.com.<br>The statutory prospectus describes all the investment options, features, and benefits that we make available under the Annuity. **The availability of investment options, features and benefits described in the statutory prospectus may vary depending on the broker-dealer through which the Contract is sold ("financial intermediary variations")**. We have identified all such financial intermediary variations that are known or reasonably available to us. **See "Appendix B - Financial Intermediary Variations" of the statutory prospectus**. Financial intermediary variations may be imposed by some broker-dealers without our knowledge. For example, your Financial Professional may not recommend a particular investment option or benefit to you because of a decision by the Financial Professional's broker-dealer not to offer that investment option or benefit to its customers. Taking into consideration the breadth of our distribution network, we are unable to obtain information about all financial intermediary variations without unreasonable effort or expense. **You should discuss with your Financial Professional any limitations, restrictions, or other variations related to the investment options, benefits or other features available to you through your Financial Professional.**<br>This Updating Summary Prospectus incorporates by reference the Prudential FlexGuard statutory prospectus and Statement of Additional Information (SAI), both dated May 1, 2026, as amended or supplemented. The SAI may be obtained, free of charge, in the same manner as the prospectus.<br>Additional information about certain investment products, including variable annuities, has been prepared by the Securities and Exchange Commission's staff and is available at www.Investor.gov.<br>**The Securities and Exchange Commission has not approved or disapproved these securities or passed upon the adequacy of this Updating Summary Prospectus. Any representation to the contrary is a criminal offense.**

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<br>**Table of Contents**

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| | |
|:---|:---|
| [Glossary of Terms...........................................................................................](#chapter_2_1175) | [1](#chapter_2_1175) |
| [Updated Information About Your Contract..........................................................................](#chapter_3_1175) | [3](#chapter_3_1175) |
| [Important Information You Should Consider About the Annuity...........................................................](#chapter_4_1175) | [4](#chapter_4_1175) |
| [Appendix A - Investment Options Available Under the Contract...........................................................](#chapter_5_1175) | [9](#chapter_5_1175) |

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PLAZFG20PROS-USP

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**GLOSSARY OF TERMS**

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**Account Value:** The Interim Value for each Index Strategy plus the total value of any allocations in the Variable Options (including the Holding Account) and the Transfer Account on any Valuation Day other than the Index Strategy Start Date and Index Strategy End Date. The Interim Value does not apply to an Index Strategy on the Index Strategy Start Date and the Index Strategy End Date. On an Index Strategy Start Date, the Index Strategy Base applicable to that Index Strategy would be used instead of the Interim Value. On an Index Strategy End Date, the Index Strategy Base plus the Index Credit applicable to that Index Strategy would be used instead of the Interim Value.

**Application Sign Date:** The date that you sign your application. For applications transmitted through electronic order entry, the Application Sign Date is the initial submission date prior to a wet signature, and the wet signature would not be used to determine the Application Sign Date. Please speak to your Financial Professional regarding exceptions that may apply.

**Buffer:** The amount of protected negative Index Return applied to the Account Value allocated to an Index Strategy at the end of an Index Strategy Term. Any negative Index Return in excess of the Buffer reduces the Account Value.

**Cap Rate:** The Cap Rate limits the amount of Index Credit that may be credited to the Index Strategy Base on any Index Strategy End Date when the Index Return is positive. A different Cap Rate may be declared for different Indices, Buffers, and different Index Strategy Terms. Cap Rates, upon renewal, may be higher or lower than the initial Cap Rate but will never be less than the Guaranteed Minimum Cap Rate. Renewal Cap Rates may differ from the Cap Rates used for new Annuity contracts or for other Annuity contracts issued at different times. The Guaranteed Minimum Cap Rate equals 1.00% for a one-year Index Strategy Term, 5.00% for a three-year Index Strategy Term and 10.00% for a six-year Index Strategy Term.

**Contingent Deferred Sales Charge ("CDSC"):** This is a sales charge that may be deducted when you make a surrender or take a partial withdrawal from your Annuity. We refer to this as a "contingent" charge because it is imposed only if you surrender or take a withdrawal from your Annuity. The charge is a percentage of each applicable Purchase Payment that is being surrendered or withdrawn. The CDSC may also be referred to as a Surrender Charge in this prospectus.

**Index (Indices):** The underlying Index or exchange traded fund associated with an Index Strategy and used to determine the Index Return in determining the Index Credit. You do not directly participate in an Index.

**Index Anniversary Date:** The same day, each calendar year, as the day of the initial allocation to an Index Strategy (Index Effective Date). You may allocate available Account Value to a new Index Strategy(ies) or to the Variable Options or other options we make available on this date. You may allocate available Account Value to the same Index Strategy(ies) on this date once the Index Strategy(ies) has reached the Index Strategy End Date.

**Index Credit:** The amount you receive on an Index Strategy End Date based on the Index Return and the Index Strategy. The Index Credit can be negative, meaning you can lose principal and prior earnings.

**Index Effective Date:** The first day of the first Index Strategy allocation.

**Index Return:** The percentage change in the Index Value from the Index Strategy Start Date to the Index Strategy End Date, which is used to determine the Index Credit for an Index Strategy. An Index Return is calculated by taking the Index Value on the Index Strategy End Date, minus the Index Value on the Index Strategy Start Date, and then dividing the result by the Index Value on the Index Strategy Start Date.

**Index Strategy(ies):** Any Index linked Allocation Option we make available in the Annuity for crediting interest based on the underlying Index associated with the Index Strategy, Buffer, and Index Strategy Term. We may offer other Index Strategies from time to time, subject to our rules.

**Index Strategy Base:** The amount of Account Value allocated to an Index Strategy on an Index Strategy Start Date. The Index Strategy Base is used in the calculation of any Index Credit and in the calculation of the Interim Value. The Index Strategy Base is reduced for any reallocations or withdrawals that occur between an Index Strategy Start Date and Index Strategy End Date in the same proportion that the total withdrawal or reallocation amount reduced the Interim Value.

**Index Strategy End Date:** The last day of an Index Strategy Term. This is the day any applicable Index Credit would be credited to the Index Strategy.

**Index Strategy Start Date:** The first day of an Index Strategy Term.

**Index Strategy Term:** The time period allocated to each Index Strategy. The term begins on the Index Strategy Start Date and ends on the Index Strategy End Date.

**Index Value:** The value of the Index that is published by the Index provider at the close of each day that the Index is calculated. If an Index Value is not published for a particular Valuation Day, the closing Index Value of the next published Valuation Day will be used.

**Interim Value:** The value of an Index Strategy on any Valuation Day during an Index Strategy Term other than the Index Strategy Start Date and Index Strategy End Date. It is a calculated value (as described in the "Interim Value" section of the statutory prospectus) and is used when a withdrawal, death benefit payment, transfer, Annuitization, or surrender occurs between an Index Strategy Start Date and Index Strategy End Date. During an Index Strategy Term, the Interim Value is included in the Account Value and Surrender Value. If a Performance Lock has occurred, certain parameters of the Interim Value calculation will apply as described in the Index Strategies Prospectus.

May 1, 2026**Updating Summary Prospectus 1**

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**Owner:** The Owner is either an eligible entity or natural person named as having ownership rights in relation to the Annuity.

**Participation Rate:** The percentage of any Index increase that will be used in calculating the Index Credit at the end of an Index Strategy Term for applicable Index Strategies. A different Participation Rate may be declared for different Index Strategies, Indices and Buffers. Participation Rates, upon renewal, may be higher or lower than the initial Participation Rate but will never be less than the Guaranteed Minimum Participation Rate. Renewal Participation Rates may differ from the Participation Rates used for new Annuity contracts or for other Annuity contracts issued at different times. The Guaranteed Minimum Participation Rate equals 100% for the Tiered Participation Rate Index Strategy. The Guaranteed Minimum Participation Rate equals 60% for the Step Rate Plus Index Strategy.

**Performance Lock:** A feature for an Annuity with an Application Sign Date on or after January 18, 2022, and subject to state approval, that allows you to capture the Performance Lock Value. A Performance Lock Request may be submitted on any Valuation Day prior to the Index Strategy End Date. Only one Performance Lock may be active for any given Index Strategy during a respective Index Strategy Term. Performance Locks may not be applied retroactively and must be for the full amount of the Performance Lock Value. Once "locked", Index Credits will not apply on the Index Strategy End Date. Please see the "Performance Lock" section of the statutory prospectus for additional information.

**Performance Lock Request:** You may request a Performance Lock by contacting us and providing in Good Order instructions. Instructions received in Good Order after the close of any Valuation Day will be applied on the next Valuation Day.

**Performance Lock Value:** The value of an Index Strategy at the end of any Valuation Day during an Index Strategy Term other than the Index Strategy Start Date and Index Strategy End Date. It is a calculated value that differs from the Interim Value Calculation and is used when a Performance Lock transaction occurs. Once "locked", the Performance Lock Value will not fluctuate for the remainder of the current Index Strategy Term, unless a withdrawal or a reallocation were to occur.

**Portfolio:** An underlying mutual fund, or series thereof, in which a Sub-account of the Separate Account invests. A Portfolio also may be referred to in the prospectus as an Underlying Portfolio.

**Purchase Payment:** A cash consideration in currency of the United States of America given to us in exchange for the rights, privileges, and benefits of the Annuity. We will deduct any fees, charges or Tax Charges prior to allocation to the Allocation Options you select or the Holding Account for Purchase Payments received between Index Anniversary Dates.

**Separate Accounts:** Refers to the Registered Separate Account and the Index Strategies Separate Account.

**Spread:** On the Index Strategy End Date, the Spread reduces the value of positive Index Returns used in the calculation of Index Credits that may be applied to the Enhanced Cap Rate Index Strategy. The Spread percentage may vary by Index, Index Strategy Term, Cap Rate and Buffer. Multiple Spread options (known as Spread A and Spread B) with different Cap Rates may be offered with the same level of Buffer. Spreads, upon renewal, may be higher or lower than the initial Spread but will never be greater than the Guaranteed Maximum Spread. Renewal Spreads may differ from the Spreads used for new Annuity contracts or for other Annuity contracts issued at different times. The Guaranteed Maximum Spread equals 3.00% for a one-year Index Strategy Term.

**Step Rate:** The Step Rate is the declared rate that may be credited to amounts allocated to the applicable Index Strategies for any given Index Strategy Term if the Index Return is between zero and the declared Step Rate. A different Step Rate may be declared for different Indices and Buffers. The Guaranteed Minimum Step Rate equals 1.00% for the Step Rate Plus Index Strategy.

**Variable Option:** A division of the Registered Separate Account. A Variable Option also may be referred to in this prospectus and the Annuity as a Variable Sub-account, Variable Investment Sub-account, or Sub-account.

May 1, 2026**Updating Summary Prospectus 2**

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**UPDATED INFORMATION ABOUT YOUR CONTRACT**

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There have been no changes to Contract features since the date of the last statutory prospectus, December 15, 2025.

May 1, 2026**Updating Summary Prospectus 3**

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|:---|:---|
| **Important Information You Should Consider About the Annuity** | **Important Information You Should Consider About the Annuity** |
| **Fees, Expenses, and Adjustments** | **Fees, Expenses, and Adjustments** |
| Are there Charges or Adjustments for Early Withdrawals? | **Yes.**<br>*Surrender Charges:* If you withdraw money from the Annuity within 6 years following your last Purchase Payment, you may be assessed a surrender charge. The maximum surrender charge is 8.0% of the Purchase Payment, and a surrender charge may be assessed up to 6 years after the last Purchase Payment. If you make an early withdrawal, you could pay a surrender charge of up to $8,000 on a $100,000 withdrawal. Losses from surrender charges will be greater if there are also negative Interim Value adjustments, taxes, or tax penalties.<br>*Interim Value Adjustments:* If all or a portion of Account Value is removed from an Index Strategy before the end of the Index Strategy Term, we will apply an Interim Value adjustment, which may be negative. In extreme circumstances, you could lose up to 100% of your investment in an Index Strategy due to a negative Interim Value adjustment. For example, if you allocate $100,000 to an Index Strategy with a 3-year Strategy Term and later make a withdrawal before the 3 years have ended, you could lose your $100,000 investment. Losses from negative Interim Value adjustments will be greater if you also have to pay a surrender charge, taxes, or tax penalties. An Interim Value adjustment will apply upon any withdrawal, death benefit payment, transfer, Annuitization, or surrender that occurs during an Index Strategy Term other than on the Index Strategy Start Date or Index Strategy End Date.<br>*Market Value Adjustments*: If you withdraw assets in excess of the Free Withdrawal amount from an Index Strategy or the Fixed Account outside of the period beginning 30 days prior to an MVA Period end date and extending to 60 days following the MVA Period end date for the Fixed Account, we will apply a Market Value Adjustment, which may increase or decrease your initial amount invested. Losses related to the Fixed Account are limited due to the Minimum Guaranteed Surrender Value (MGSV) feature. The MGSV feature applies only to funds allocated to the Fixed Account (see " Fixed Account - Minimum Guaranteed Surrender Value "). Losses related to investment in Index Strategies could be significant, up to 100% of your investment in extreme scenarios. For example, if you allocate $100,000 to an Index Strategy and later withdraw the entire amount outside of the permitted period you could lose up to $100,000 of your investment. This loss will be greater if you also have to pay taxes and tax penalties. The following transactions, when they occur outside of the above mentioned window, are subject to a Market Value Adjustment: (i) partial withdrawals (including systematic withdrawals and Required Minimum Distributions), (ii) surrenders, and (iii) exercise of the right to cancel.<br>For more information on Market Value Adjustments, please refer to the "Charges and Adjustments" section of this the statutory prospectus. |
| Are there Transaction Charges? | **Yes.**<br>In addition to surrender charges and Interim Value adjustments, you may be charged for other transactions (i.e., we reserve the right to charge for additional copies of reports). For more information, please refer to the "Fee Table" and "Charges and Adjustments" sections of the statutory prospectus. |

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May 1, 2026**Updating Summary Prospectus 4**

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|:---|:---|:---|:---|
| **Important Information You Should Consider About the Annuity** | **Important Information You Should Consider About the Annuity** | **Important Information You Should Consider About the Annuity** | **Important Information You Should Consider About the Annuity** |
| **Fees, Expenses, and Adjustments**  | **Fees, Expenses, and Adjustments**  | **Fees, Expenses, and Adjustments**  | **Fees, Expenses, and Adjustments**  |
| Are there Ongoing Fees and Expenses? | **Yes.**<br>The table below describes the fees and expenses that you may pay each year, depending on the investment options you choose. Please refer to your Contract specifications page for information about the specific fees you will pay each year based on the options you have elected.<br>**There is an implicit ongoing fee on the Index Strategies to the extent that an Index Strategy's Cap Rate, Spread,** **Participation Rate, or Step Rate, as applicable, limit the positive Index Return used in calculating the Index Credit that may be applied to an Index Strategy at the end of an Index Strategy Term. This means that your returns may be lower than the Index Return. In return for accepting this limit on Index gains, you will receive some protection from Index losses. This implicit ongoing fee is not reflected in the tables below.** | **Yes.**<br>The table below describes the fees and expenses that you may pay each year, depending on the investment options you choose. Please refer to your Contract specifications page for information about the specific fees you will pay each year based on the options you have elected.<br>**There is an implicit ongoing fee on the Index Strategies to the extent that an Index Strategy's Cap Rate, Spread,** **Participation Rate, or Step Rate, as applicable, limit the positive Index Return used in calculating the Index Credit that may be applied to an Index Strategy at the end of an Index Strategy Term. This means that your returns may be lower than the Index Return. In return for accepting this limit on Index gains, you will receive some protection from Index losses. This implicit ongoing fee is not reflected in the tables below.** | **Yes.**<br>The table below describes the fees and expenses that you may pay each year, depending on the investment options you choose. Please refer to your Contract specifications page for information about the specific fees you will pay each year based on the options you have elected.<br>**There is an implicit ongoing fee on the Index Strategies to the extent that an Index Strategy's Cap Rate, Spread,** **Participation Rate, or Step Rate, as applicable, limit the positive Index Return used in calculating the Index Credit that may be applied to an Index Strategy at the end of an Index Strategy Term. This means that your returns may be lower than the Index Return. In return for accepting this limit on Index gains, you will receive some protection from Index losses. This implicit ongoing fee is not reflected in the tables below.** |
| Are there Ongoing Fees and Expenses? | **Annual Fee** | **Minimum** | **Maximum** |
| Are there Ongoing Fees and Expenses? | **Base Contract Fees** | 0.00% | 0.00% |
| Are there Ongoing Fees and Expenses? | **Optional benefits available for an additional charge**<br>(for a single optional benefit, if elected) | None. | None. |
| Are there Ongoing Fees and Expenses? | Because your Contract is customizable, the choices you make affect how much you will pay. To help you understand the cost of owning your Contract, the following table shows the lowest and highest cost you could pay each year, based on current charges. **This estimate assumes that you do not take withdrawals from the Contract, which could add surrender charges, negative Market Value Adjustments, and negative Interim Value adjustments that substantially increase costs.** | Because your Contract is customizable, the choices you make affect how much you will pay. To help you understand the cost of owning your Contract, the following table shows the lowest and highest cost you could pay each year, based on current charges. **This estimate assumes that you do not take withdrawals from the Contract, which could add surrender charges, negative Market Value Adjustments, and negative Interim Value adjustments that substantially increase costs.** | Because your Contract is customizable, the choices you make affect how much you will pay. To help you understand the cost of owning your Contract, the following table shows the lowest and highest cost you could pay each year, based on current charges. **This estimate assumes that you do not take withdrawals from the Contract, which could add surrender charges, negative Market Value Adjustments, and negative Interim Value adjustments that substantially increase costs.** |
| Are there Ongoing Fees and Expenses? | **Lowest Annual Cost**<br>$0 | **Highest Annual Cost**<br>$0 |  |
| Are there Ongoing Fees and Expenses? | &nbsp;&nbsp;&nbsp;Assumes:<br>Investment of $100,000<br>5% annual appreciation<br>No optional benefits<br>No sales charges<br>No subsequent Purchase Payments, transfers or withdrawals | &nbsp;&nbsp;&nbsp;Assumes:<br>Investment of $100,000<br>5% annual appreciation<br>Most expensive optional benefits<br>No sales charges<br>No subsequent Purchase Payments, transfers or withdrawals |  |
| Are there Ongoing Fees and Expenses? | For more information on ongoing fees and expenses, please refer to the "Fee Table" and "Charges and Adjustments" sections of the statutory prospectus. | For more information on ongoing fees and expenses, please refer to the "Fee Table" and "Charges and Adjustments" sections of the statutory prospectus. | For more information on ongoing fees and expenses, please refer to the "Fee Table" and "Charges and Adjustments" sections of the statutory prospectus. |

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May 1, 2026**Updating Summary Prospectus 5**

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|:---|:---|
| **Risks** | **Risks** |
| Is there a Risk of Loss from Poor Performance? | **Yes.**<br>You can lose money by investing in the Contract.<br>**Under an Index Strategy, the maximum amount of loss that you could experience from negative Index performance at the end of** **an Index Strategy Term, after taking into account the current limits on Index loss provided under the Contract, is: 95% loss for a 5% Buffer; 90% loss for a 10% Buffer; 85% loss for a 15% Buffer; 80% loss for a 20% Buffer; 70% loss for a 30% Buffer; or 0% loss for a 100% Buffer.** <br>The Company does not guarantee that the Contract will always offer Index Strategies that limit Index losses, which would mean a risk of loss of the entire amount invested.<br>For more information on the risk of loss, please refer to the "Principal Risks of Investing in the Contract" section of the statutory prospectus. |
| Is this a Short-Term Investment? | **No.**<br>The Contract is not a short-term investment and is not appropriate for an investor who needs ready access to cash. The Contract is designed to provide benefits on a long-term basis. Consequently, you should not use the Contract as a short-term investment or savings vehicle. Because of the long-term nature of the Contract, you should consider whether the Contract is consistent with your financial situation and objectives. <br>Amounts withdrawn from the Contract may result in surrender charges, Market Value Adjustments, taxes and tax penalties. In addition, removing amounts from an Index Strategy prior to the Index Strategy End Date may result in a negative Interim Value adjustment and loss of positive Index performance.<br>Removing a portion of amounts in an Index Strategy prior to the Index Strategy End Date will also result in an immediate reduction to your Index Strategy Base. The Index Strategy Base will be proportionately reduced, and the proportionate reduction could be greater than the amount removed. Reductions to your Index Strategy Base will result in lower Interim Values for the remainder of the Index Strategy Term and less positive Index Credit (if any) on the Index Strategy End Date.<br>At the end of an Index Strategy Term, amounts in the matured Index Strategy will be reallocated, withdrawn or otherwise processed according to your instructions. You must provide instructions for reallocation by the Index Anniversary Date corresponding to the Index Strategy End Date. In the absence of instructions, if the same Index Strategy is available, amounts in the matured Index Strategy will be automatically re-invested in the same Index Strategy for a new Index Strategy Term. If the same Index Strategy is no longer available, amounts in the matured Index Strategy will be automatically transferred to the Fixed Account. Amounts in the Fixed Account may be transferred to an Index Strategy on the next Index Anniversary Date or sooner pursuant to the Flexible Allocation feature.<br>For more information on the short-term investment risks, please refer to the "Principal Risks of Investing in the Contract", "Charges and Adjustments" and "General Description of Contracts - Transfer and Reallocation Guidelines" sections of the statutory prospectus. |

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May 1, 2026**Updating Summary Prospectus 6**

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|:---|:---|
| **Risks** | **Risks** |
| What are the Risks Associated with the Investment Options? | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;An investment in the Contract is subject to the risk of poor investment performance and can vary depending on the performance of the investment options available under the Contract, including the Index Strategies. Each investment option has its own unique risks. You should review the investment options before making an investment decision.<br>For the Index Strategies:<br>The Cap Rate, Spread, Participation Rate or Step Rate, as applicable, may limit positive Index Credits (i.e., limited upside). **This may result in you earning less than the Index Return.** For example:<br>Cap Rate Index Strategy. Assuming a Cap Rate of 5% and an Index Return of 10% (which is greater than the Cap Rate), we will apply a 5% Index Credit at the end of the Index Strategy Term.<br>Enhanced Cap Rate Index Strategy. Assuming a Spread of 2%, Cap Rate of 15% and Index Return of 18% (which is greater than the Cap Rate plus the Spread), we will apply a 15% Index Credit at the end of the Index Strategy Term. If the Index Return is instead 10% (which is less than the Cap Rate plus the Spread), we will deduct the Spread from the Index Return and apply an 8% Index Credit at the end of the Index Strategy Term. If the Index Return is instead 1% (which is greater than zero but less than the Spread), the Index Credit would be 0%.<br>Step Rate Plus Index Strategy. Assume the Step Rate is 4% and the Participation Rate is 60%. If the Index Return is 5%, we will apply the Step Rate to calculate the Index Credit because the Step Rate (4%) is greater than the Index Return multiplied by the Participation Rate (5% x 60% = 3%). The Index Credit at the end of the Index Strategy Term will be 4%. If the Index Return is instead 10%, we will apply the Participation Rate rather than the Step Rate because the Index Return multiplied by the Participation Rate (10% x 60% = 6%) will be greater than the Step Rate (4%). The Index Credit at the end of the Index Strategy Term will be 6%.<br>Dual Directional Index Strategy. Assuming a Cap Rate of 4% and an Index Return of 8% (which is greater than the Cap Rate), we will apply a 4% Index Credit at the end of the Index Strategy Term.<br>Participation Rate with Cap Index Strategy. Assuming a Cap Rate of 100%, a Participation Rate of 130% and an Index Return of 125%, the Index Credit would be 130% of 125% or 162.5% (which is greater than the Cap Rate), we will apply a 100% Index Credit at the end of the Index Strategy Term.<br>The Buffer may limit negative Index Credits (i.e., limited protection in the case of market decline). For example, if the Index Return is -25% and the Buffer is 10%, we will apply a -15% Index Credit (the amount of negative Index Return that exceeds the Buffer) at the end of the Index Strategy Term.<br>There may be losses due to surrender charges, negative Interim Value adjustments, negative Market Value Adjustments, and taxes and tax penalties.<br>Index performance is on a "price return" basis, not a "total return" basis, and therefore does not reflect dividends paid on the securities composing the Index. In addition, if the Index is an exchange-traded fund (ETF), the ETF deducts fees and costs that reduce Index performance. These factors will reduce the Index Return and may cause the Index to underperform a direct investment in the securities composing the Index.<br>For the Fixed Account:<br>The Fixed Account may be subject to a Market Value adjustment, which can be negative, causing you to lose money.<br>**For more information on the risks associated with investment options, please refer to the "Principal Risks of Investing in the Contract" and** [**<u>"Appendix A"</u>**](#chapter_5-sect1_1_1175) **sections of** the statutory prospectus. |
| What are the Risks Related to the Insurance Company? | An investment in the Contract is subject to the risks related to the Company. Any obligations (including under the Index Strategies), guarantees, or benefits are subject to the claims-paying ability of the Company. More information about the Company, including its financial strength ratings, is available upon request. Such requests can be made toll-free at 1-888-PRU-2888.<br>For more information on the insurance company risks, please refer to the "Principal Risks of Investing in the Contract" section of the statutory prospectus. |

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May 1, 2026**Updating Summary Prospectus 7**

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|:---|:---|
| **Restrictions** | **Restrictions** |
| Are there Restrictions on the Investment Options? | &nbsp;&nbsp;&nbsp;Yes.<br>There are restrictions that may limit the investment options that you may choose, and there are limitations on the transfer of Account Value among investment options.<br>**Certain Investment Options may not be available through certain financial intermediaries. See Appendix B- "Financial** **Intermediary Variations" and the Cover Page of the statutory prospectusfor additional information.**<br>From Index Strategy(ies) to Index Strategy(ies):<br>You may transfer Account Value among Index Strategy(ies) on an Index Strategy End Date.<br>You may transfer Interim Value among Index Strategy(ies) on the Index Anniversary following Performance Lock.<br>You may transfer Interim Value among Index Strategy(ies) anytime more than 15 days prior to an Index Anniversary Date as provided pursuant to the Flexible Allocation feature.<br>Minimum required amount to reallocation to any one Index Strategy is $2,000.<br>From Index Strategy(ies) to the Fixed Account<br>You may transfer Account Value from Index Strategy(ies) to the Fixed Account on an Index Strategy End Date.<br>You may transfer Interim Value from Index Strategy(ies) to the Fixed Account on the Index Anniversary Date following Performance Lock.<br>Minimum required amount to reallocation to the Fixed Account is $50.<br>From the Fixed Account to Index Strategy(ies)<br>You may transfer Fixed Account Value to the Index Strategy(ies) on an Index Anniversary Date.<br>You may transfer Fixed Account Value to the Index Strategy(ies) anytime more than 15 days prior to any Index Anniversary Date as provided pursuant to the Flexible Allocation feature.<br>Minimum required amount to allocate to any one Index Strategy is $2,000.<br>We reserve the right to:<br>Add or remove Index Strategies (there is no guarantee that any Index Strategy will be available in the future)<br>Change the features of an Index Strategy from one Index Strategy Term to the next, including the Index, Cap Rate, Spread, Participation Rate, Step Rate, and Buffer, as applicable, subject to any minimum guarantees; and<br>Substitute the Index of an Index Strategy during its Index Strategy Term.<br>We may impose limitations on an investment professional's or investment advisor's ability to request financial transactions on your behalf.<br>**For more information on investment and transfer restrictions, please refer to the "Principal Risks of Investing in the** **Contract", "Investment Options", "General Description of Contracts – Transfer and Reallocation Guidelines", "What are the Separate Accounts", "Financial Professional Permission to Forward Transaction Instructions", and "**[**<u>Appendix A</u>**](#chapter_5-sect1_1_1175)**" sections of the statutory prospectus.** |
| Are there any Restrictions on Contract Benefits? | **Certain Contract Benefits may not be available through certain financial intermediaries. See Appendix B, "Financial Intermediary Variations" and the Cover Page of the statutory prospectus for additional information**. |
| **Taxes** | **Taxes** |
| What are the Contract's Tax Implications? | You should consult with a tax professional to determine the tax implications of an investment in and payments received under the Contract. There is no additional tax benefit if you purchase the Contract through a tax-qualified plan or individual retirement account (IRA). Withdrawals will be subject to ordinary income tax, and may be subject to a 10% additional tax for distributions taken prior to age 59½.<br>For more information on tax implications, please refer to the "Taxes" section of the statutory prospectus. |
| **Conflicts of Interest** | **Conflicts of Interest** |
| How are Investment Professionals Compensated? | Investment professionals may receive compensation for selling the Contract to investors and may have a financial incentive to offer or recommend the Contract over another investment. This compensation is paid in the form of commissions, based on the amount of your investment in the Contract.<br>For more information on investment professional compensation, please refer to the Statement of Additional Information. |
| Should I Exchange My Contract? | Some investment professionals may have a financial incentive to offer you an annuity in place of the one you already own. You should only exchange your contract if you determine after comparing the features, fees, and risks of both contracts, and any fees or penalties to terminate the existing contract, that it is preferable to purchase the new contract, rather than continue to own your existing contract.<br>For more information on commissions and exchanges, please refer to the Statement of Additional Information. |

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May 1, 2026**Updating Summary Prospectus 8**

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**APPENDIX A – INVESTMENT OPTIONS AVAILABLE UNDER THE CONTRACT**

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Certain Investment Options may not be available through certain financial intermediaries. **See Appendix B, "Financial Intermediary Variations" and the Cover Page of the statutory prospectus for additional information**.

**Index-Linked Options**

The following is a list of Index Strategies currently available under the Contract. We may change the features of the Index Strategies listed below (including the Index and the current limits on Index gains and losses), offer new Index Strategies, and terminate existing Index Strategies. We will provide you with written notice before making any changes other than changes to current limits on Index gains. Information about current limits on Index gains is available at www.prudential.com/flexguard2-rates.

**Note: If value is withdrawn from an Index Strategy before the end of its Index Strategy Term, we will apply an Interim Value adjustment. This may result in a significant reduction in the Index Strategy value that could exceed any protection from Index loss that would be in place if you waited until the end of the Strategy Term to make the withdrawal. A Market Value Adjustment may also apply.**

See "Description of Insurance Company, Registered Separate Account, and Investment Options" in the statutory prospectus for a description of the Index Strategies' features. See "Charges and Adjustments" in the statutory prospectus for more information about Interim Value adjustments.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Index** | **Type of Index** | **Index Strategy Term** | **Index Crediting Methodology** | **Current Limit on Index Loss (if held until end of Index Strategy Term)** | **Minimum Limit on Index Gain (for the life of the Index Strategy)** |
| **Cap Rate Index Strategy** | **Cap Rate Index Strategy** | **Cap Rate Index Strategy** | **Cap Rate Index Strategy** | **Cap Rate Index Strategy** | **Cap Rate Index Strategy** |
| S&P 500<sup>®1</sup> | U.S. Large-Cap Equities | 1-Year | Cap Rate Index Strategy | 10% Buffer | Minimum Cap Rate: 1% |
| MSCI EAFE<sup>1</sup> | International Equities | 1-Year | Cap Rate Index Strategy | 10% Buffer | Minimum Cap Rate: 1% |
| Invesco QQQ ETF<sup>2</sup> | Large-Cap Equities | 1-Year | Cap Rate Index Strategy | 10% Buffer | Minimum Cap Rate: 1% |
| iShares<sup>®</sup> Russell 2000 ETF<sup>2</sup> | U.S. Small-Cap Equities | 1-Year | Cap Rate Index Strategy | 10% Buffer | Minimum Cap Rate: 1% |
| S&P 500<sup>®1</sup> | U.S. Large-Cap Equities | 1-Year | Cap Rate Index Strategy | 15% Buffer | Minimum Cap Rate: 1% |
| MSCI EAFE<sup>1</sup> | International Equities | 1-Year | Cap Rate Index Strategy | 15% Buffer | Minimum Cap Rate: 1% |
| Invesco QQQ ETF<sup>2</sup> | Large-Cap Equities | 1-Year | Cap Rate Index Strategy | 15% Buffer | Minimum Cap Rate: 1% |
| iShares<sup>®</sup> Russell 2000 ETF<sup>2</sup> | U.S. Small-Cap Equities | 1-Year | Cap Rate Index Strategy | 15% Buffer | Minimum Cap Rate: 1% |
| S&P 500<sup>®1</sup> | U.S. Large-Cap Equities | 1-Year | Cap Rate Index Strategy | 30% Buffer | Minimum Cap Rate: 1% |
| MSCI EAFE<sup>1</sup> | International Equities | 1-Year | Cap Rate Index Strategy | 30% Buffer | Minimum Cap Rate: 1% |
| Invesco QQQ ETF<sup>2</sup> | Large-Cap Equities | 1-Year | Cap Rate Index Strategy | 30% Buffer | Minimum Cap Rate: 1% |
| iShares<sup>®</sup> Russell 2000 ETF<sup>2</sup> | U.S. Small-Cap Equities | 1-Year | Cap Rate Index Strategy | 30% Buffer | Minimum Cap Rate: 1% |
| S&P 500<sup>®1</sup> | U.S. Large-Cap Equities | 1-Year | Cap Rate Index Strategy | 100% Buffer | Minimum Cap Rate: 1% |
| S&P 500<sup>®1</sup> | U.S. Large-Cap Equities | 3-Year | Cap Rate Index Strategy | 10% Buffer | Minimum Cap Rate: 5% |
| MSCI EAFE<sup>1</sup> | International Equities | 3-Year | Cap Rate Index Strategy | 10% Buffer | Minimum Cap Rate: 5% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| iShares<sup>®</sup> Russell 2000 ETF<sup>2</sup> | U.S. Small-Cap Equities | 3-Year | Cap Rate Index Strategy | 10% Buffer | Minimum Cap Rate: 5% |
| AB 500 Plus Index<sup>SM1</sup> | U.S. Large-Cap Equities with Exposure to Global Equity Markets | 3-Year | Cap Rate Index Strategy | 10% Buffer | Minimum Cap Rate: 5% |
| Invesco QQQ ETF<sup>2</sup> | Large-Cap Equities | 3-Year | Cap Rate Index Strategy | 10% Buffer | Minimum Cap Rate: 5% |
| S&P 500<sup>®1</sup> | U.S. Large-Cap Equities | 3-Year | Cap Rate Index Strategy | 20% Buffer | Minimum Cap Rate: 5% |
| iShares<sup>®</sup> Russell 2000 ETF<sup>2</sup> | U.S. Small-Cap Equities | 3-Year | Cap Rate Index Strategy | 20% Buffer | Minimum Cap Rate: 5% |
| MSCI EAFE<sup>1</sup> | International Equities | 3-Year | Cap Rate Index Strategy | 20% Buffer | Minimum Cap Rate: 5% |
| AB 500 Plus Index<sup>SM1</sup> | U.S. Large-Cap Equities with Exposure to Global Equity Markets | 3-Year | Cap Rate Index Strategy | 20% Buffer | Minimum Cap Rate: 5% |
| Invesco QQQ ETF<sup>2</sup> | Large-Cap Equities | 3-Year | Cap Rate Index Strategy | 20% Buffer | Minimum Cap Rate: 5% |
| S&P 500<sup>®1</sup> | U.S. Large-Cap Equities | 6-Year | Cap Rate Index Strategy | 20% Buffer | Minimum Cap Rate: 10% |
| MSCI EAFE<sup>1</sup> | International Equities | 6-Year | Cap Rate Index Strategy | 20% Buffer | Minimum Cap Rate: 10% |
| iShares<sup>®</sup> Russell 2000 ETF<sup>2</sup> | U.S. Small-Cap Equities | 6-Year | Cap Rate Index Strategy | 20% Buffer | Minimum Cap Rate: 10% |
| AB 500 Plus Index<sup>SM1</sup> | U.S. Large-Cap Equities with Exposure to Global Equity Markets | 6-Year | Cap Rate Index Strategy | 20% Buffer | Minimum Cap Rate: 10% |
| Dimensional International Equity Focus<sup>1</sup> | International Equities | 6-Year | Cap Rate Index Strategy | 20% Buffer | Minimum Cap Rate: 10% |
| Invesco QQQ ETF<sup>2</sup> | Large-Cap Equities | 6-Year | Cap Rate Index Strategy | 20% Buffer | Minimum Cap Rate: 10% |
| S&P 500<sup>®1</sup> | U.S. Large-Cap Equities | 6-Year | Cap Rate Index Strategy | 30% Buffer | Minimum Cap Rate: 10% |
| MSCI EAFE<sup>1</sup> | International Equities | 6-Year | Cap Rate Index Strategy | 30% Buffer | Minimum Cap Rate: 10% |
| iShares<sup>®</sup> Russell 2000 ETF<sup>2</sup> | U.S. Small-Cap Equities | 6-Year | Cap Rate Index Strategy | 30% Buffer | Minimum Cap Rate: 10% |
| AB 500 Plus Index<sup>SM1</sup> | U.S. Large-Cap Equities with Exposure to Global Equity Markets | 6-Year | Cap Rate Index Strategy | 30% Buffer | Minimum Cap Rate: 10% |
| Dimensional International Equity Focus<sup>1</sup> | International Equities | 6-Year | Cap Rate Index Strategy | 30% Buffer | Minimum Cap Rate: 10% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Invesco QQQ ETF<sup>2</sup> | Large-Cap Equities | 6-Year | Cap Rate Index Strategy | 30% Buffer | Minimum Cap Rate: 10% |
| S&P 500<sup>®1</sup> | U.S. Large-Cap Equities | 6-Year | Cap Rate Index Strategy | 100% Buffer | Minimum Cap Rate: 10% |
| **Enhanced Cap Rate Index Strategy** | **Enhanced Cap Rate Index Strategy** | **Enhanced Cap Rate Index Strategy** | **Enhanced Cap Rate Index Strategy** | **Enhanced Cap Rate Index Strategy** | **Enhanced Cap Rate Index Strategy** |
| S&P 500<sup>®1</sup>, Spread A | U.S. Large-Cap Equities | 1-Year | Enhanced Cap Rate Index Strategy | 10% Buffer | Minimum Cap Rate: 1%<br>Maximum Spread: 3% |
| S&P 500<sup>®1</sup>, Spread B | U.S. Large-Cap Equities | 1-Year | Enhanced Cap Rate Index Strategy | 10% Buffer | Minimum Cap Rate: 1%<br>Maximum Spread: 3% |
| MSCI EAFE<sup>1</sup>, Spread A | International Equities | 1-Year | Enhanced Cap Rate Index Strategy | 10% Buffer | Minimum Cap Rate: 1%<br>Maximum Spread: 3% |
| MSCI EAFE<sup>1</sup>, Spread B | International Equities | 1-Year | Enhanced Cap Rate Index Strategy | 10% Buffer | Minimum Cap Rate: 1%<br>Maximum Spread: 3% |
| S&P 500<sup>®1</sup>, Spread A | U.S. Large-Cap Equities | 1-Year | Enhanced Cap Rate Index Strategy | 15% Buffer | Minimum Cap Rate: 1%<br>Maximum Spread: 3% |
| S&P 500<sup>®1</sup>, Spread B | U.S. Large-Cap Equities | 1-Year | Enhanced Cap Rate Index Strategy | 15% Buffer | Minimum Cap Rate: 1%<br>Maximum Spread: 3% |
| MSCI EAFE<sup>1</sup>, Spread A | International Equities | 1-Year | Enhanced Cap Rate Index Strategy | 15% Buffer | Minimum Cap Rate: 1%<br>Maximum Spread: 3% |
| MSCI EAFE<sup>1</sup>, Spread B | International Equities | 1-Year | Enhanced Cap Rate Index Strategy | 15% Buffer | Minimum Cap Rate: 1%<br>Maximum Spread: 3% |
| **Step Rate Plus Index Strategy** | **Step Rate Plus Index Strategy** | **Step Rate Plus Index Strategy** | **Step Rate Plus Index Strategy** | **Step Rate Plus Index Strategy** | **Step Rate Plus Index Strategy** |
| S&P 500<sup>®1</sup> | U.S. Large-Cap Equities | 1-Year | Step Rate Plus Index Strategy | 5% Buffer | Minimum Step Rate: 1%<br>Minimum Participation Rate: 60% |
| MSCI EAFE<sup>1</sup> | International Equities | 1-Year | Step Rate Plus Index Strategy | 5% Buffer | Minimum Step Rate: 1%<br>Minimum Participation Rate: 60% |
| S&P 500<sup>®1</sup> | U.S. Large-Cap Equities | 1-Year | Step Rate Plus Index Strategy | 10% Buffer | Minimum Step Rate: 1%<br>Minimum Participation Rate: 60%  |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Tiered Participation Rate Index Strategy** | **Tiered Participation Rate Index Strategy** | **Tiered Participation Rate Index Strategy** | **Tiered Participation Rate Index Strategy** | **Tiered Participation Rate Index Strategy** | **Tiered Participation Rate Index Strategy** |
| S&P 500<sup>®1</sup> | U.S. Large-Cap Equities | 6-Year | Tiered Participation Rate Index Strategy | 5% Buffer | Minimum Participation Rate: 100%<br>Maximum Tier Level: 35% |
| MSCI EAFE<sup>1</sup> | International Equities | 6-Year | Tiered Participation Rate Index Strategy | 5% Buffer | Minimum Participation Rate: 100%<br>Maximum Tier Level: 35% |
| iShares<sup>®</sup> Russell 2000 ETF<sup>2</sup> | U.S. Small-Cap Equities | 6-Year | Tiered Participation Rate Index Strategy | 5% Buffer | Minimum Participation Rate: 100%<br>Maximum Tier Level: 35% |
| AB 500 Plus Index<sup>SM1</sup> | U.S. Large-Cap Equities with Exposure to Global Equity Markets | 6-Year | Tiered Participation Rate Index Strategy | 5% Buffer | Minimum Participation Rate: 100%<br>Maximum Tier Level: 35% |
| Dimensional International Equity Focus<sup>1</sup> | International Equities | 6-Year | Tiered Participation Rate Index Strategy | 5% Buffer | Minimum Participation Rate: 100%<br>Maximum Tier Level: 35% |
| S&P 500<sup>®1</sup> | U.S. Large-Cap Equities | 6-Year | Tiered Participation Rate Index Strategy | 10% Buffer | Minimum Participation Rate: 100%<br>Maximum Tier Level: 35% |
| MSCI EAFE<sup>1</sup> | International Equities | 6-Year | Tiered Participation Rate Index Strategy | 10% Buffer | Minimum Participation Rate: 100%<br>Maximum Tier Level: 35% |
| AB 500 Plus Index<sup>SM1</sup> | U.S. Large-Cap Equities with Exposure to Global Equity Markets | 6-Year | Tiered Participation Rate Index Strategy | 10% Buffer | Minimum Participation Rate: 100%<br>Maximum Tier Level: 35% |
| Dimensional International Equity Focus<sup>1</sup> | International Equities | 6-Year | Tiered Participation Rate Index Strategy | 10% Buffer | Minimum Participation Rate: 100%<br>Maximum Tier Level: 35%  |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Dual Directional Index Strategy** | **Dual Directional Index Strategy** | **Dual Directional Index Strategy** | **Dual Directional Index Strategy** | **Dual Directional Index Strategy** | **Dual Directional Index Strategy** |
| S&P 500<sup>®1</sup> | U.S. Large-Cap Equities | 1-Year | Dual Directional Index Strategy | 10% Buffer | Minimum Cap Rate: 1% |
| S&P 500<sup>®1</sup> | U.S. Large-Cap Equities | 1-Year | Dual Directional Index Strategy | 15% Buffer | Minimum Cap Rate: 1% |
| S&P 500<sup>®1</sup> | U.S. Large-Cap Equities | 6-Year | Dual Directional Index Strategy | 10% Buffer | Minimum Cap Rate: 10% |
| S&P 500<sup>®1</sup> | U.S. Large-Cap Equities | 6-Year | Dual Directional Index Strategy | 15% Buffer | Minimum Cap Rate: 10% |
| S&P 500<sup>®1</sup> | U.S. Large-Cap Equities | 6-Year | Dual Directional Index Strategy | 20% Buffer | Minimum Cap Rate: 10%  |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Participation Rate with Cap Strategy** | **Participation Rate with Cap Strategy** | **Participation Rate with Cap Strategy** | **Participation Rate with Cap Strategy** | **Participation Rate with Cap Strategy** | **Participation Rate with Cap Strategy** |
| S&P 500<sup>®1</sup> | U.S. Large-Cap Equities | 6-Year | Participation Rate with Cap Strategy | 10% Buffer | Minimum Participation Rate: 100%<br>Minimum Cap Rate: 10% |
| MSCI EAFE<sup>1</sup> | International Equities | 6-Year | Participation Rate with Cap Strategy | 10% Buffer | Minimum Participation Rate: 100% Minimum Cap Rate: 10% |
| iShares® Russell 2000 ETF<sup>2</sup> | U.S. Small-Cap Equities | 6-Year | Participation Rate with Cap Strategy | 10% Buffer | Minimum Participation Rate: 100% Minimum Cap Rate: 10% |
| AB 500 Plus Index<sup>SM1</sup> | U.S. Large-Cap Equities with Exposure to Global Equity Markets | 6-Year | Participation Rate with Cap Strategy | 10% Buffer | Minimum Participation Rate: 100% Minimum Cap Rate: 10% |
| Dimensional International Equity Focus<sup>1</sup> | International Equities | 6-Year | Participation Rate with Cap Strategy | 10% Buffer | Minimum Participation Rate: 100% Minimum Cap Rate: 10% |
| Invesco QQQ ETF<sup>2</sup> | Large-Cap Equities | 6-Year | Participation Rate with Cap Strategy | 10% Buffer | Minimum Participation Rate: 100% Minimum Cap Rate: 10% |
| S&P 500<sup>®1</sup> | U.S. Large-Cap Equities | 6-Year | Participation Rate with Cap Strategy | 20% Buffer | Minimum Participation Rate: 100% Minimum Cap Rate: 10% |
| MSCI EAFE<sup>1</sup> | International Equities | 6-Year | Participation Rate with Cap Strategy | 20% Buffer | Minimum Participation Rate: 100% Minimum Cap Rate: 10% |
| iShares® Russell 2000 ETF<sup>2</sup> | U.S. Small-Cap Equities | 6-Year | Participation Rate with Cap Strategy | 20% Buffer | Minimum Participation Rate: 100% Minimum Cap Rate: 10% |
| AB 500 Plus Index<sup>SM1</sup> | U.S. Large-Cap Equities with Exposure to Global Equity Markets | 6-Year | Participation Rate with Cap Strategy | 20% Buffer | Minimum Participation Rate: 100% Minimum Cap Rate: 10% |
| Dimensional International Equity Focus<sup>1</sup> | International Equities | 6-Year | Participation Rate with Cap Strategy | 20% Buffer | Minimum Participation Rate: 100% Minimum Cap Rate: 10% |
| Invesco QQQ ETF<sup>2</sup> | Large-Cap Equities | 6-Year | Participation Rate with Cap Strategy | 20% Buffer | Minimum Participation Rate: 100% Minimum Cap Rate: 10% |

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1. This Index is a "price return index," not a "total return index," and therefore does not reflect the dividends paid on the securities composing the Index, which will reduce the Index Return and may cause the Index to underperform a direct investment in the securities composing the Index.<br>2. This Index is an ETF. Index Values are based on the ETF's closing prices. The Index Values reflect a "price return," not a "total return," and therefore

May 1, 2026**Updating Summary Prospectus 14**

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do not reflect the dividends paid on the securities in which the ETF invests. In addition, fees and costs are deducted from the ETF, which reduces the ETF's performance. These factors will reduce the Index Return and may cause the Index to underperform a direct investment in the ETF or the securities which the ETF invests.

• **Depending on the Index Strategy, the maximum amount of loss that you could experience from negative Index performance,<br>after taking into account the current limits on Index loss provided under the Annuity, ranges from 0% (with 100% Buffer) to 95%<br>(with 5% Buffer).** 

• **The Company does not guarantee that the Annuity will always offer Index Strategies that limit Index losses, which would mean<br>risk of loss of the entire amount invested.** 

• **The Company limits the amount you can earn on an Index Strategy.** 

○ **For Cap Rate Index Strategies, the Guaranteed Minimum Cap Rate equals 1% for a one-year Index Strategy Term, 5% for a<br>three-year Index Strategy Term and 10% for a six-year Index Strategy Term.** 

○ **For Enhanced Cap Rate Index Strategies, the Guaranteed Minimum Cap Rate equals 1% and the Guaranteed Maximum<br>Spread equals 3% for a one-year Index Strategy Term.** 

○ **For Step Rate Plus Index Strategies, the Guaranteed Minimum Step Rate equals 1% and the Guaranteed Minimum<br>Participation Rate equals 60%.** 

○ **For Tiered Participation Rate Index Strategies, the Guaranteed Minimum Participation Rate equals 100% and the<br>Guaranteed Maximum Tier Level equals 35%.** 

○ **For Dual Directional Index Strategies, the Guaranteed Minimum Cap Rate equals 1% for a one-year Index Strategy Term<br>and 10% for a six-year Index Strategy Term.** 

○ **For Participation Rate with Cap Strategy, the Guaranteed Minimum Participation Rate equals 100% and the Guaranteed<br>Minimum Cap equals 10% for a six-year Index Strategy Term.** 

**Fixed Options**

The following is a list of Fixed Options currently available under the Contract. We may change the features of the Fixed Options listed below, offer new Fixed Options, and terminate existing Fixed Options. We will provide you with written notice before doing so. For more information about the Fixed Options, see "Description of Insurance Company, Registered Separate Account, and Investment Options" in the statutory prospectus.

**Note: If value is withdrawn from the Fixed Account, a Market Value Adjustment may apply. This may result in a significant reduction in your Fixed Account Value. For more information about Market Value Adjustments, please refer to the "Charges and Adjustments" section of the statutory prospectus.**

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| | | |
|:---|:---|:---|
| **Name** | **Term** | **Minimum Guaranteed Interest Rate\*** |
| Fixed Account | 1-Year | 0.25% |

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\*The Minimum Guaranteed Interest Rate is the amount shown on your Contract and can vary by state.

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![](sp1175img001.jpg)

The Prudential Insurance Company of America<br>751 Broad Street<br>Newark, NJ 07102-3777

Edgar Contract Identifier: C000264546 PLAZFG20PROS-USP