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For Broker Dealer Use Only. Not For Use With Consumers.For Broker Dealer Use Only. Not For Use With Consumers.

Variable Annuities At-A-Glance

PABD.4530 (09.11)

For Broker Dealer Use Only. Not For Use With Consumers.

fastest growing

high ratings

strong, stablequality, serving people, growth

the companyT h e C O m Pa n y

A Reputation for Excellence

Recently recognized as one of the fastest growing annuity carriers

in the nation, Protective Life Insurance Company carries high

ratings from independent rating organizations who assign ratings

measuring financial strength or claims-paying abilities. They consider factors

such as overall operating performance, asset quality, financial flexibility and

capitalization. We are strong, stable and guided by three preeminent

values: quality, serving people and growth.

Protective Life has insurer financial strength ratings of:

A+ A.M. Best Superior, 2nd highest of 15 ratings

AA- Standard & Poor’s Very Strong, 4th highest of 21 ratings

A Fitch Strong, 6th highest of 22 ratings

A2 Moody’s Investor Services Good, 6th highest of 21 ratings

Ratings do not reflect the investment experience or financial strength of any subaccount. These ratings are current as November 10, 2011, are subject to change and do not apply to products or their performance. Please visit www.protective.com for more current information.

For more information, supplies, or assistance, contact:

The Protective Life Annuity Sales Desk at 800.628.6390


ProductsProtective Life Insurance Company offers a wide range of high-value, competitive life insurance and annuity products, including:

– Variable Annuities

– Fixed Annuities

– Immediate Annuities

– Variable Universal Life Insurance

– Universal Life Insurance

– Term Insurance

ServiceAs a company built upon the virtues of integrity, honesty and accessibility, we are committed to providing unparalleled support. Your Divisional Sales Director and the Protective Annuity Sales Desk are available to help you leverage your relationship with Protective Life through a variety of business support services, including:

– Consumer Seminars

– Illustration Requests

– Retirement Income Strategies

– Prospecting Tools

– Client Meeting Assistance

– Case Design


product profilesProtectiveValues® Advantage Protective Dimensions

Product Type A-share Variable Annuity O-share Variable Annuity

Investment Amounts

Minimum Initial Investment: $5,000 non-qualified or $2,000 qualified

Minimum Additional Investment: $100 ($50 via Electronic Funds Transfer) No additional investments accepted after 86th birthday.

Maximum Investment: $1 million Higher amounts may be accepted with prior company approval.

Minimum Initial Investment: $10,000



Annual Costs

Mortality and expense risk and administration charge: 0.85% Charge is deducted from the average daily net value of the variable subaccounts.

Contract maintenance fee: $35Fee is waived if on the contract anniversary, either the contract value or the total investment (less withdrawals, if any) exceeds $50,000.

A sales charge is deducted from each purchase payment:

1 The amount used to calculate the sales charge is the greater of:

- the current investment plus the current contract value, or

- the current investment plus aggregate prior investments less an adjustment for prior withdrawals, if any.


Contract maintenance fee: $50 Fee is waived if on the anniversary, either the contract value or the total investment (less withdrawals and surrender charges, if any) exceeds $75,000.

Investment brackets with applicable premium-based charges are shown below.

3 Starting three months after the contract effective date, the premium-based charge is assessed quarterly. It is originally determined by the amount of the initial investment plus any additional investments received within those first three contract months. This charge then remains level, while it is assessed for seven years (28 quarters).

After the first three contract months, additional investments may cause the total contract investment to exceed the original bracket. When this occurs, the premium-based charge assigned to each additional investment will be determined by the new bracket, and it will be assessed for seven years (28 quarters) on the portion of the additional investment only. This will not, however, change the premium-based charge assigned to previous investments nor will it change the remaining number of quarters for that charge to be assessed on these amounts.

Surrender Charge There is never a surrender charge.

The owner has full access to each investment and any earnings attributed to it without a surrender charge seven years after it has been applied to the contract.

4 Each investment is assigned a unique surrender charge schedule based on the amount. Any additional investments made that cause the total contract investment to exceed the original bracket will each be assigned a surrender charge schedule based upon the new bracket. Previous investments will continue to be subject to the originally assigned surrender charge schedule.

Penalty Free Withdrawals2

Penalty free withdrawals are available at any time.

Automatic withdrawals are also available. These fixed payments of at least $100 may be taken on a monthly or quarterly basis.

The contract value after each automatic withdrawal must be at least $5,000. The contract value after any withdrawal must be at least $5,000 for non-qualified contracts or $2,000 for qualified contracts.

During the first contract year, contract owners can withdraw 10% of the initial investment without a surrender charge. After the first contract year, the owner can withdraw the greatest of:• Accumulated earnings as of the prior contract anniversary• 10% of the aggregate net investment as of the prior contract anniversary• 10% of the contract value as of the prior contract anniversary


The contract value after each withdrawal must be at least $10,000.

Availability Ages 0 – 85

Optional Investment Programs

• Dollar Cost Averaging: Six and twelve months • Portfolio Rebalancing: Portfolio rebalancing transfers are not taxable and are available quarterly, semi-annually, or annually for the variable sub-accounts only.• Model portfolios

For complete information, please see the Investment Options Guide and product prospectuses. Certain limitations may apply when protected lifetime income benefits are added to a variable annuity contract.

Return of Purchase Payments Death Benefit

The standard estate planning benefit, the Return of Purchase Payments Death Benefit, is available at no additional cost. Should the owner pass away before starting annuity income payments, beneficiaries will receive the greater of:• The contract value or• Total principal invested (total investments) less an adjustment for each prior withdrawal.

The Return of Purchase Payments Death Benefit is subject to a maximum of the contract value plus $1 million.

Maximum Anniversary Value Death Benefit (Optional, available at additional cost)

The Maximum Anniversary Value Death Benefit is an enhanced estate planning benefit that may be selected in lieu of the Return of Purchase Payments Death Benefit for an additional fee.This benefit allows the owner to lock in the maximum value attained upon each contract anniversary, potentially providing beneficiaries with a larger benefit, if the contract value increases over time. Should the owner pass away before starting their annuity income payments, beneficiaries will receive the greatest of:• The contract value or• Total principal invested (total investments) less an adjustment for each prior withdrawal or• Maximum anniversary value attained before the owner’s 80th birthday or date of passing, whichever is earlier less an adjustment for each prior withdrawal.

The fee for this option is equal to 0.20% (on an annualized basis) of the death benefit at the beginning of each contract month.The Maximum Anniversary Value Death Benefit is subject to a maximum of the contract value plus $1 million. The owner can choose this option if they are age 75 or younger. Once it is chosen, it cannot be changed for the term of the contract.

Loyalty Bonus At no additional charge, Protective Life will reward the owner for maintaining a focus on long-term savings. We will increase the annuity value by 2% (based on the contract value), if annuity payments start after the 10th contract anniversary. To qualify, the annuity payments must be structured for life with a certain period of 10 years or more.

Protected Lifetime Income Options See full rider descriptions on the Protected Lifetime Income Options page

2 Withdrawals reduce the annuity’s remaining death benefit, contract value, cash surrender value, and future earnings. Withdrawals may be subject to income tax and, if taken prior to age 59½, an additional 10% IRS tax penalty may apply. More frequent withdrawals may reduce earnings more than annual withdrawals.

Contract Value/Net Investments1 Sales Charge

Less than $50,000 5.75%

$50,000 to $99,999 4.50%

$100,000 to $249,999 3.50%

$250,000 to $499,999 2.50%

$500,000 to $999,999 2.00%

$1,000,000 + 0.50%

P r O d u C T P r O f I L e sProtective Life offers two variable annuity options, available exclusively at Edward Jones:


product profilesProtectiveValues® Advantage Protective Dimensions

Product Type A-share Variable Annuity O-share Variable Annuity

Investment Amounts

Minimum Initial Investment: $5,000 non-qualified or $2,000 qualified



Minimum Initial Investment: $10,000



Annual Costs


Contract maintenance fee: $35Fee is waived if on the contract anniversary, either the contract value or the total investment (less withdrawals, if any) exceeds $50,000.

A sales charge is deducted from each purchase payment:

1 The amount used to calculate the sales charge is the greater of:

- the current investment plus the current contract value, or

- the current investment plus aggregate prior investments less an adjustment for prior withdrawals, if any.


Contract maintenance fee: $50 Fee is waived if on the anniversary, either the contract value or the total investment (less withdrawals and surrender charges, if any) exceeds $75,000.

Investment brackets with applicable premium-based charges are shown below.

3 Starting three months after the contract effective date, the premium-based charge is assessed quarterly. It is originally determined by the amount of the initial investment plus any additional investments received within those first three contract months. This charge then remains level, while it is assessed for seven years (28 quarters).

After the first three contract months, additional investments may cause the total contract investment to exceed the original bracket. When this occurs, the premium-based charge assigned to each additional investment will be determined by the new bracket, and it will be assessed for seven years (28 quarters) on the portion of the additional investment only. This will not, however, change the premium-based charge assigned to previous investments nor will it change the remaining number of quarters for that charge to be assessed on these amounts.

Surrender Charge There is never a surrender charge.

The owner has full access to each investment and any earnings attributed to it without a surrender charge seven years after it has been applied to the contract.

4 Each investment is assigned a unique surrender charge schedule based on the amount. Any additional investments made that cause the total contract investment to exceed the original bracket will each be assigned a surrender charge schedule based upon the new bracket. Previous investments will continue to be subject to the originally assigned surrender charge schedule.

Penalty Free Withdrawals2

Penalty free withdrawals are available at any time.


The contract value after each automatic withdrawal must be at least $5,000. The contract value after any withdrawal must be at least $5,000 for non-qualified contracts or $2,000 for qualified contracts.

During the first contract year, contract owners can withdraw 10% of the initial investment without a surrender charge. After the first contract year, the owner can withdraw the greatest of:• Accumulated earnings as of the prior contract anniversary• 10% of the aggregate net investment as of the prior contract anniversary• 10% of the contract value as of the prior contract anniversary


The contract value after each withdrawal must be at least $10,000.

Availability Ages 0 – 85

Optional Investment Programs

• Dollar Cost Averaging: Six and twelve months • Portfolio Rebalancing: Portfolio rebalancing transfers are not taxable and are available quarterly, semi-annually, or annually for the variable sub-accounts only.• Model portfolios

For complete information, please see the Investment Options Guide and product prospectuses. Certain limitations may apply when protected lifetime income benefits are added to a variable annuity contract.

Return of Purchase Payments Death Benefit

The standard estate planning benefit, the Return of Purchase Payments Death Benefit, is available at no additional cost. Should the owner pass away before starting annuity income payments, beneficiaries will receive the greater of:• The contract value or• Total principal invested (total investments) less an adjustment for each prior withdrawal.

The Return of Purchase Payments Death Benefit is subject to a maximum of the contract value plus $1 million.

Maximum Anniversary Value Death Benefit (Optional, available at additional cost)

The Maximum Anniversary Value Death Benefit is an enhanced estate planning benefit that may be selected in lieu of the Return of Purchase Payments Death Benefit for an additional fee.This benefit allows the owner to lock in the maximum value attained upon each contract anniversary, potentially providing beneficiaries with a larger benefit, if the contract value increases over time. Should the owner pass away before starting their annuity income payments, beneficiaries will receive the greatest of:• The contract value or• Total principal invested (total investments) less an adjustment for each prior withdrawal or• Maximum anniversary value attained before the owner’s 80th birthday or date of passing, whichever is earlier less an adjustment for each prior withdrawal.

The fee for this option is equal to 0.20% (on an annualized basis) of the death benefit at the beginning of each contract month.The Maximum Anniversary Value Death Benefit is subject to a maximum of the contract value plus $1 million. The owner can choose this option if they are age 75 or younger. Once it is chosen, it cannot be changed for the term of the contract.

Loyalty Bonus At no additional charge, Protective Life will reward the owner for maintaining a focus on long-term savings. We will increase the annuity value by 2% (based on the contract value), if annuity payments start after the 10th contract anniversary. To qualify, the annuity payments must be structured for life with a certain period of 10 years or more.

Protected Lifetime Income Options See full rider descriptions on the Protected Lifetime Income Options page

2 Withdrawals reduce the annuity’s remaining death benefit, contract value, cash surrender value, and future earnings. Withdrawals may be subject to income tax and, if taken prior to age 59½, an additional 10% IRS tax penalty may apply. More frequent withdrawals may reduce earnings more than annual withdrawals.

Current Investment Plus Any Prior Investments Annual Premium-based Fee 3

Less than $50,000 0.70%

$50,000 to $99,999 0.60%

$100,000 to $249,999 0.50%

$250,000 to $499,999 0.35%

$500,000 to $999,999 0.25%

$1,000,000 + 0.15%

Current Investment Plus Any Prior Investments

Surrender Charges by Year 4

1 2 3 4 5 6 7 8

Less than $50,000 7% 6% 6% 5% 4% 3% 2% 0%

$50,000 to $99,999 6% 5% 5% 4% 3% 2% 1% 0%

$100,000 to $249,999 5% 4% 4% 3% 2% 2% 1% 0%

$250,000 to $499,999 4% 3% 3% 2% 2% 1% 1% 0%

$500,000 to $999,999 3% 2% 2% 2% 1% 1% 0.5% 0%

$1,000,000 + 2% 1% 1% 1% 1% 0.5% 0.5% 0%

Protective Life offers two variable annuity options, available exclusively at Edward Jones:


lifetime incomeP r O T e C T e d L I f e T I m e I n C O m e O P T I O n sProtective Life offers three protected lifetime income benefits for an additional cost to better meet unique retirement income needs:

SecurePay FX SecurePay Advantage SecurePay

Highlights

– Guaranteed growth now with steady, predictable income later – Potential for the benefit base to grow by a minimum of 5.0% or 6.0% per year

(dependent on age) for up to 20 years or until the owner decides to begin benefit withdrawals (if earlier), regardless of market performance

– Captures market gains with downside protection

– Guaranteed growth now with steady, predictable income later– Potential for the benefit base to grow by a minimum of 5% per year, either 10 times

from the rider effective date or until benefit withdrawals begin (if earlier), regardless of market performance


– Steady, predictable income– Captures market gains with downside protection– Poor market performance has no effect on income

Annual Costs At issue: 1.00% of the benefit baseAdd it later with RightTime: 1.10%

At issue: 0.90% of benefit baseAdd it later with RightTime: 1.00%


Availability Ages 55-85 Available with Protective Dimensions contracts only.

Ages 60-85 Available with ProtectiveValues® Advantage contracts only.

Ages 60-85 (for ProtectiveValues Advantage contracts)Ages 55-85 (for Protective Dimensions contracts)

Annual Withdrawal Amounts

The initial withdrawal amount is calculated on the benefit election date, and will re-calculate on the contract anniversary if either:1) the benefit base changed since

the later of the benefit election date or the prior contract anniversary or

2) the withdrawal percentage changed based on the age of the younger covered person.

* While the owner of the contract must be at least 60 to purchase SecurePay Advantage, the joint life coverage option allows withdrawals to begin when the youngest covered person attains age 59½. In this scenario, the withdrawal percentage available would be the same as if the younger covered person were age 60.

One person: 5.0%Both spouses: 4.5%

Benefit Base

The benefit base is the amount on which the protected lifetime income benefits are determined. It is not the value of the contract or the estate planning benefit.

If the protected lifetime income option is added at issue – The benefit base is equal to the initial purchase payment, increased dollar-for dollar for additional purchase payments received in the first two years of the contract, adjusted for any withdrawals. If RightTime option is selected – The benefit base is equal to the contract value as of the rider effective date, increased dollar-for- dollar for any additional purchase payment received within two years of the rider effective date, adjusted for any withdrawals.

With any option, the benefit base is capped at $5 million.

Step-Up Provision

An opportunity to “step-up” the amount of the benefit base occurs on every contract anniversary until the owner reaches age 95. The benefit base will increase when, on any contract anniversary, positive market performance causes the adjusted contract value on any of the quarterly anniversaries since the last contract anniversary (the “Highest Quarterly Value”) to exceed the value of the benefit base. The adjusted contract value equals the contract value minus any investments made two years or more after selecting the benefit. When this occurs, the benefit base increases to equal the Highest Quarterly Value, offering more opportunities each year to capture market gains.

Future benefit withdrawals are then based on the new, higher benefit base - increasing the amount of the benefit withdrawals.

This opportunity occurs on every contract anniversary until the owner reaches age 95. The benefit base will increase when positive market performance causes the adjusted contract value to exceed the benefit base. The adjusted contract value equals the contract value minus any investments made two years after purchasing the benefit.

Future benefit withdrawals are then based on the new, higher benefit base – increasing the amount of the benefit withdrawals.

Roll-Up Benefit

If the Highest Quarterly Values is less than the guaranteed roll-up rate indicated, the benefit base will still increase annually based on the attained age of the younger contract owner.

Should the adjusted contract value grow by less than 5% each year, the benefit base will still increase by 5%.

This opportunity occurs on every contract anniversary for 10 years or until the owner decides to begin benefit withdrawals, if earlier. Future benefit withdrawals are then based on the guaranteed new and higher benefit base, increasing the amount of benefit withdrawals.

N/AThis opportunity occurs on every contract anniversary for at least 10 years or until the owner decides to begin benefit withdrawals, if earlier. Future benefit withdrawals are then based on the guaranteed new and higher benefit base, increasing the amount of benefit withdrawals.

If the adjusted contract value grows more than the guaranteed rate due to positive market performance, the 10-year guaranteed growth period will reset, providing the potential to double the guaranteed growth period from 10 years to a maximum of 20 years.

Extra BenefitsSecurePay ME (medical condition enhancement): May provide additional withdrawal amounts for owners with qualifying medical conditions.SecurePay NH (nursing home enhancement): May provide additional withdrawal amounts if the owner is receiving qualifying nursing home care, potentially doubling the annual withdrawal amount up to a maximum of 10%.

Note: Protected lifetime income benefits have certain requirements and restrictions, are available at an additional cost, are subject to state availability, and will affect the underlying annuity contract features. For complete details, please read the product prospectus.

Age (attained age of the

younger covered person)

Annual Withdrawal Percentage

Joint(two spouses)

Single(one person)

591/2 – 74 4.5% 5.0%75 + 5.5% 6.0%

Age (younger covered

person as of the benefit election date)


Joint(two spouses)

Single(one person)

60* - 74 4.5% 5.0%75 + 5.5% 6.0%

Age (attained age of the

younger contract owner)

Roll-Up Percentage

55 – 74 5.0%75 + 6.0%


lifetime income

SecurePay FX SecurePay Advantage SecurePay

Highlights

– Guaranteed growth now with steady, predictable income later – Potential for the benefit base to grow by a minimum of 5.0% or 6.0% per year

(dependent on age) for up to 20 years or until the owner decides to begin benefit withdrawals (if earlier), regardless of market performance


– Guaranteed growth now with steady, predictable income later– Potential for the benefit base to grow by a minimum of 5% per year, either 10 times

from the rider effective date or until benefit withdrawals begin (if earlier), regardless of market performance


– Steady, predictable income– Captures market gains with downside protection– Poor market performance has no effect on income

Annual Costs At issue: 1.00% of the benefit baseAdd it later with RightTime: 1.10%



Availability Ages 55-85 Available with Protective Dimensions contracts only.

Ages 60-85 Available with ProtectiveValues® Advantage contracts only.

Ages 60-85 (for ProtectiveValues Advantage contracts)Ages 55-85 (for Protective Dimensions contracts)

Annual Withdrawal Amounts

The initial withdrawal amount is calculated on the benefit election date, and will re-calculate on the contract anniversary if either:1) the benefit base changed since

the later of the benefit election date or the prior contract anniversary or

2) the withdrawal percentage changed based on the age of the younger covered person.

* While the owner of the contract must be at least 60 to purchase SecurePay Advantage, the joint life coverage option allows withdrawals to begin when the youngest covered person attains age 59½. In this scenario, the withdrawal percentage available would be the same as if the younger covered person were age 60.

One person: 5.0%Both spouses: 4.5%

Benefit Base

The benefit base is the amount on which the protected lifetime income benefits are determined. It is not the value of the contract or the estate planning benefit.

If the protected lifetime income option is added at issue – The benefit base is equal to the initial purchase payment, increased dollar-for dollar for additional purchase payments received in the first two years of the contract, adjusted for any withdrawals. If RightTime option is selected – The benefit base is equal to the contract value as of the rider effective date, increased dollar-for- dollar for any additional purchase payment received within two years of the rider effective date, adjusted for any withdrawals.

With any option, the benefit base is capped at $5 million.

Step-Up Provision

An opportunity to “step-up” the amount of the benefit base occurs on every contract anniversary until the owner reaches age 95. The benefit base will increase when, on any contract anniversary, positive market performance causes the adjusted contract value on any of the quarterly anniversaries since the last contract anniversary (the “Highest Quarterly Value”) to exceed the value of the benefit base. The adjusted contract value equals the contract value minus any investments made two years or more after selecting the benefit. When this occurs, the benefit base increases to equal the Highest Quarterly Value, offering more opportunities each year to capture market gains.

Future benefit withdrawals are then based on the new, higher benefit base - increasing the amount of the benefit withdrawals.

This opportunity occurs on every contract anniversary until the owner reaches age 95. The benefit base will increase when positive market performance causes the adjusted contract value to exceed the benefit base. The adjusted contract value equals the contract value minus any investments made two years after purchasing the benefit.

Future benefit withdrawals are then based on the new, higher benefit base – increasing the amount of the benefit withdrawals.

Roll-Up Benefit

If the Highest Quarterly Values is less than the guaranteed roll-up rate indicated, the benefit base will still increase annually based on the attained age of the younger contract owner.

Should the adjusted contract value grow by less than 5% each year, the benefit base will still increase by 5%.

This opportunity occurs on every contract anniversary for 10 years or until the owner decides to begin benefit withdrawals, if earlier. Future benefit withdrawals are then based on the guaranteed new and higher benefit base, increasing the amount of benefit withdrawals.

N/AThis opportunity occurs on every contract anniversary for at least 10 years or until the owner decides to begin benefit withdrawals, if earlier. Future benefit withdrawals are then based on the guaranteed new and higher benefit base, increasing the amount of benefit withdrawals.

If the adjusted contract value grows more than the guaranteed rate due to positive market performance, the 10-year guaranteed growth period will reset, providing the potential to double the guaranteed growth period from 10 years to a maximum of 20 years.

Extra BenefitsSecurePay ME (medical condition enhancement): May provide additional withdrawal amounts for owners with qualifying medical conditions.SecurePay NH (nursing home enhancement): May provide additional withdrawal amounts if the owner is receiving qualifying nursing home care, potentially doubling the annual withdrawal amount up to a maximum of 10%.

Note: Protected lifetime income benefits have certain requirements and restrictions, are available at an additional cost, are subject to state availability, and will affect the underlying annuity contract features. For complete details, please read the product prospectus.

Age (younger covered

person as of the benefit election date)


Joint(two spouses)

Single(one person)

60* - 74 4.5% 5.0%75 + 5.5% 6.0%


investment optionsI n v e s T m e n T O P T I O n s

LarGe CaP vaLueGoldman Sachs VIT Large Cap Value Fund 2

Lord Abbett Series Fund, Inc. Growth and Income Portfolio 2

MFS® VIT Value Series 2

Mutual Shares Securities Fund 2

Templeton Foreign Securities Fund 3

Invesco Van Kampen V.I. Comstock Fund 2

Invesco Van Kampen V.I. Growth and Income Fund 2

LarGe CaP BLendFidelity VIP Index 500 Portfolio 2

Franklin Rising Dividends Securities Fund 2

Goldman Sachs VIT Strategic International Equity Fund 3

Lord Abbett Series Fund, Inc. Fundamental Equity Portfolio 3

Lord Abbett Series Fund, Inc. Classic Stock Portfolio 2

MFS® VIT Investors Trust Series 2

MFS® VIT Research Series 3

Oppenheimer Main Street® Fund/VA 2

Templeton Growth Securities Fund 3

LarGe CaP GrOWThFidelity VIP Contrafund® Portfolio 3

Franklin Flex Cap Growth Securities Fund 3

Goldman Sachs VIT Strategic Growth Fund 2

MFS® VIT Growth Series 2

MFS® VIT Investors Growth Stock Series 2

Oppenheimer Capital Appreciation Fund/VA 3

Oppenheimer Global Securities Fund/VA 3

mId CaP vaLueGoldman Sachs VIT Mid Cap Value Fund 3

Lord Abbett Series Fund, Inc. Mid Cap Value Portfolio 3

Invesco Van Kampen V.I. Mid Cap Value Fund 3

mId CaP BLendLegg Mason ClearBridge Variable Mid Cap Core Portfolio 3

mId CaP GrOWThFidelity VIP Mid Cap Portfolio 3

Franklin Small-Mid Cap Growth Securities Fund 3

Goldman Sachs VIT Growth Opportunities Fund 3

Lord Abbett Series Fund, Inc. Growth Opportunities Portfolio

3

Lord Abbett Series Fund, Inc. International Opportunities Portfolio

3

Invesco Van Kampen V.I. Mid Cap Growth Fund 3

smaLL CaP vaLueFranklin Small Cap Value Securities Fund 3

smaLL CaP BLendRoyce Capital Fund—Micro-Cap Portfolio 3

Royce Capital Fund—Small-Cap Portfolio 3

smaLL CaP GrOWThLegg Mason ClearBridge Variable Small Cap Growth Portfolio 3

MFS® VIT New Discovery Series 3

aLLOCaTIOn fundsAmerican Funds Insurance Series® Asset Allocation Fund 2

Franklin Income Securities Fund 2

Lord Abbett Series Fund, Inc. Capital Structure Portfolio 2

MFS® VIT Total Return Series 2

Invesco Van Kampen V.I. Equity and Income Fund 2

seCTOr fundsMFS® VIT Utilities Series 3

UIF Global Real Estate Portfolio 3

mOney markeTOppenheimer Money Fund/VA 1

hIGh quaLITy shOrT-TermFranklin U.S. Government Fund 1

PIMCO VIT Low Duration Portfolio 1

PIMCO VIT Short-Term Portfolio 1

hIGh quaLITy InTermedIaTe-TermFidelity VIP Investment Grade Bond Portfolio 1

MFS® VIT Research Bond Series 1

PIMCO VIT Total Return Portfolio 1

Invesco V.I. Government Securities Fund 1

medIum quaLITy InTermedIaTe-TermOppenheimer Global Strategic Income Fund/VA 1

Templeton Global Bond Securities Fund 2

hIGh quaLITy LOnG-TermPIMCO VIT Long-Term US Government Portfolio 1

PIMCO VIT Real Return Portfolio 1

medIum quaLITy LOnG-TermLord Abbett Series Fund, Inc. Bond Debenture Portfolio 1

Allocation by InvestmentCategory (AIC)

Allocation by InvestmentCategory (AIC)

Clients can choose to diversify with a model portfolio managed by the experts or build their own diversified portfolio from among more than 50 investment options from 12 reputable fund managers.


investment options model portfoliosm O d e L P O r T f O L I O s

Protective Life offers four model portfolios to simplify the asset allocation process. Each offers broad diversification by asset class and fund manager. They are turnkey solutions for investors with varying levels of risk tolerance who prefer to have their investment portfolio designed by the experts.

Conservative Growth

moderate Growth

Target allocation: 45% Equity / 55% Fixed Income

Target allocation: 55% Equity / 45% Fixed Income

conservative growth

n Franklin U.S. Government Fund .....................................................15.0%

n MFS® VIT Research Bond Series ....................................................15.0%

n Oppenheimer Money Fund/VA ........................................................7.0%

n PIMCO VIT Low Duration Portfolio ..................................................9.0%

n PIMCO VIT Short-term Portfolio .......................................................9.0%

n Mutual Shares Securities Fund ........................................................5.0%

n Goldman Sachs VIT Strategic Growth Fund ......................................5.0%

n Lord Abbett Series Fund, Inc. Growth and Income Portfolio ..............5.0%

n MFS® VIT Value Series .....................................................................5.0%

n Invesco Van Kampen V.I. Growth and Income Fund ..........................5.0%

n Fidelity VIP Mid Cap Portfolio ..........................................................8.0%

n Lord Abbett Series Fund, Inc. Fundamental Equity Portfolio ..............7.0%

n Oppenheimer Global Securities Fund/VA .........................................5.0%

moderate growth

n Fidelity VIP Investment Grade Bond Portfolio ...................................5.0%

n Lord Abbett Series Fund, Inc. Bond Debenture Portfolio .................10.0%

n Oppenheimer Global Strategic Income Fund/VA ............................10.0%

n PIMCO VIT Total Return Portfolio ..................................................10.0%

n Mutual Shares Securities Fund ........................................................5.0%

n Goldman Sachs VIT Strategic Growth Fund ....................................10.0%

n MFS® VIT Investors Trust Series .....................................................10.0%

n Invesco Van Kampen V.I. Growth and Income Fund ........................10.0%

n Templeton Global Bond Securities Fund .........................................10.0%

n Fidelity VIP Contrafund® Portfolio ....................................................5.0%

n Legg Mason Clearbridge Variable Mid Cap Core Portfolio ................5.0%


n Royce Capital Fund–Small-Cap Portfolio .........................................5.0%


Growth and Income Target allocation: 65% Equity / 35% Fixed Income

aggressive Growth* Target allocation: 90% Equity / 10% Fixed Income

* Aggressive Growth model is not available on contracts with a protected lifetime income option. Protected lifetime income benefits are only available with our preapproved model portfolios, approved Edward Jones model portfolios (not pictured), or our unique Allocation by Investment Category (AIC) program.

growth and income

n Franklin U.S. Government Fund .......................................................5.0%

n Lord Abbett Series Fund, Inc. Bond Debenture Portfolio .................10.0%

n PIMCO VIT Real Return Portfolio ...................................................10.0%

n PIMCO VIT Total Return Portfolio ..................................................10.0%

n Mutual Shares Securities Fund ......................................................10.0%

n Goldman Sachs VIT Large Cap Value Fund .....................................10.0%


n Invesco Van Kampen V.I. Equity and Income Fund ............................5.0%

n Fidelity VIP Mid Cap Portfolio ..........................................................5.0%


n MFS® VIT New Discovery Series .......................................................5.0%


n Royce Capital Fund–Small-Cap Portfolio .........................................5.0%

n Goldman Sachs VIT Mid Cap Value Fund .........................................5.0%

aggressive growth

n Franklin U.S. Government Fund .......................................................5.0%

n PIMCO VIT Total Return Portfolio ....................................................5.0%

n MFS® VIT Value Series .....................................................................5.0%

n Mutual Shares Securities Fund ......................................................10.0%

n Lord Abbett Series Fund, Inc. Growth and Income Portfolio ..............5.0%


n Invesco Van Kampen V.I. Equity and Income Fund ............................5.0%

n Lord Abbett Series Fund, Inc. Fundamental Equity Portfolio ............10.0%

n Fidelity VIP Mid Cap Portfolio ........................................................10.0%

n Invesco Van Kampen V.I. Mid Cap Growth Fund ...............................5.0%

n Royce Capital Fund–Small-Cap Portfolio .......................................10.0%

n MFS® VIT New Discovery Series .......................................................5.0%


n Goldman Sachs VIT Strategic International Equity Fund .................10.0%


income options

Investing with Protected Lifetime Income Options SecurePay FX, SecurePay Advantage and SecurePay are only available with one of three options:

Option 1—Allocate the investment to one of three Protective Life model portfolios: • Conservative Growth • Moderate Growth • Growth and Income

Option 2—Allocate the investment to one of two Edward Jones model portfolios approved for use with our protected lifetime income options: • Balanced: Growth and Income • Balanced Towards Growth

Option 3—Customize a portfolio. Build a diversified portfolio to meet specific needs by participating in our AIC program. Each Protective Life variable annuity fund has been assigned to an investment category based on investment risk. The owner may allocate the investment to any fund in Categories 1, 2 or 3, provided the minimum and maximum allocation requirements are met.

For more information regarding the annuity fund categories, please see the Investment Options section of this brochure.

Allocation AdjustmentIf the contract includes SecurePay FX, Protective Life employs an allocation adjustment feature to help limit the risk the company assumes under the optional benefit. Beginning in the 13th contract month, if at any time within the owner’s allocation the accumulation unit value of an individual investment option in either of the Moderate or Aggressive Investment Categories drops below a specified level, that option will become restricted. The investment currently assigned to it will temporarily be allocated to the Oppenheimer Money Fund/VA. Once the investment option’s accumulation unit value rises above the specified level, the restriction will be lifted and the owner’s investment returned to the original allocation.

I n v e s T I n G W I T h P r O T e C T e d L I f e T I m e I n C O m e

Category Minimum Allocation Maximum Allocation1 35% 100%2 0% 65%3 0% 30%

ValuesFor Broker Dealer Use Only. Not For Use With Consumers.For Broker Dealer Use Only. Not For Use With Consumers.PABD.4530 (09.11)

Variable annuities are long-term investments intended for retirement planning and involve market risk and the possible loss of principal. Investments in variable annuities are subject to fees and charges from the insurance company and the investment managers.

All guarantees are subject to the claims-paying ability of Protective Life Insurance Company.

Policy form VDA-P-2006 and IPV-2132 (and state variations thereof). Protective Dimensions and ProtectiveValues Advantage are flexible premium deferred variable and fixed annuity contracts. Product features and availability may vary by state. SecurePay benefits provided by rider form number IPV-2164 or VDA-P-6008 (and state variations thereof). SecurePay Advantage benefits provided by rider form number IPV-2166 (and state variations thereof). SecurePay FX benefits provided by rider form number VDA-P-6011. SecurePay ME endorsement provided under form number IPV-2156 (and state variations thereof). SecurePay NH provided under policy form number IPV-2159 (and state variations thereof).

Variable annuities issued by Protective Life Insurance Company (PLICO). Securities offered by Investment Distributors, Inc. (IDI). Both located at 2801 Highway 280 South, Birmingham, AL 35223. IDI is the principal underwriter for registered insurance products issued by PLICO, its affiliate.

Investors should carefully consider the investment objectives, risks, charges, and expenses of a variable annuity, any GLWB rider, and the underlying investment options before investing. This and other information is contained in the prospectuses for a variable annuity and its underlying investment options. Investors should read the prospectuses carefully before investing. Prospectuses may be obtained by contacting PLICO at (800) 628-6390.

securepay valuessecurepayfx.protectiveadvisor.com/media/filer_private/2012/01/09/p...for more...

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