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Protective Life Insurance Company today announced updates to the popular SecurePay Withdrawal BenefitSM. The enhanced offering now includes a choice of two lifetime withdrawal benefits: The original SecurePay Withdrawal Benefit, or The new �SecurePay with Roll-Up� option. Each benefit offers a selection of innovative optional features such as RightTimeSM (an option to buy the rider at issue or at a later date), SecurePay MESM (an option that may result in higher annual withdrawal amounts for clients with qualifying medical conditions), and a new Guaranteed Minimum Accumulation Benefit. SecurePay with Roll-Up In addition to offering many of the benefits found in the original SecurePay Withdrawal Benefit (such as lifetime annual withdrawal benefits of up to 6% and an annual Benefit Base step-up provision), the SecurePay with Roll-Up option offers the potential to double the annuity�s initial Benefit Base after 10 years. The compounding �roll-up� increases the Benefit Base by 7.2% each contract anniversary (adjusted for withdrawals) during a 10-year roll-up period, providing clients a guaranteed minimum increase in the Benefit Base regardless of market performance. Guaranteed Minimum Accumulation Benefit Another new feature, the Guaranteed Minimum Accumulation Benefit (GMAB), offers clients an additional safety net in the form of a �return of purchase payments� guarantee. This ensures that 10 years after the purchase of the benefit, the annuity value will be no less than the total of the purchase payments made during the first year of the contract (adjusted for withdrawals), even in the event of negative investment performance. The benefit also offers a step-up option five years after the benefit is purchased. This enables clients to lock-in the fifth year contract anniversary value and reset the 10-year guarantee period. The GMAB option is only available when SecurePay or SecurePay with Roll-Up is also purchased. The new benefits, which offer clients the opportunity to select the options that best fit their individual needs, are available with all ProtectiveAccess� XL and ProtectiveRewards B2A� variable annuities purchased on or after March 3, 2008 (subject to state availability). �Protective Life designs products with consumers in mind,� said Eric Miller, Vice President and National Marketing Director for Protective�s Life and Annuity Division. �We recognize that variable annuity buyers have a wide variety of individual needs and long-term objectives. We strive to deliver the innovative products, features and flexibility needed for truly personalized solutions. These enhancements to our living benefit options demonstrate our commitment to delivering new choices with both security and flexibility in mind.� More information available Consumers are encouraged to contact their insurance and financial advisors for more information about Protective Life�s variable annuities and living benefits as well as Protective Life�s other life insurance and annuity products. These products are designed to help address critical needs throughout various stages of the financial lifecycle, and may play meaningful roles in building, protecting, distributing and transferring wealth. Financial Advisors interested in selling Protective Life variable annuities and living benefit options should check with their Broker/Dealer regarding availability or contact the Protective Annuity Sales Desk at (800) 628-6390 for more information. Important Consumer Information Purchase of SecurePay, SecurePay with Roll-Up or the Guaranteed Minimum Accumulation Benefit has certain requirements (including how contract value must be allocated), is available at an additional cost, and will affect the underlying annuity contract features. For complete details, please read the prospectus. SecurePay, SecurePay with Roll-Up, the Guaranteed Minimum Accumulation Benefit and the Medical Evaluation option are each subject to state availability. Variable annuity contracts issued by Protective Life Insurance Company (PLICO). Securities offered by Investment Distributors, Inc. (IDI). Both located at 2801 Highway 280 South, Birmingham, AL 35223. PLICO and IDI are each subsidiaries of Protective Life Corporation. Protective Life Corporation is a separate company and is not responsible for the financial condition or the contractual obligations of PLICO or IDI. SecurePay benefits provided by rider form number IPV-2154 (and state variations thereof). SecurePay with Roll-Up benefits provided under rider form number IPV-2157 (and state variations thereof). Guaranteed Minimum Accumulation Benefit provided under rider form number IPV-2158 (and state variations thereof). Medical Evaluation endorsement provided under policy form number IPV-2156 (and state variations thereof). All guarantees are subject to the claims-paying ability of Protective Life Insurance Company. Keep in mind that 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. Investors should carefully consider the investment objectives, risks, charges, and expenses of a variable annuity, any GLWB or GMAB 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. Not a Deposit Not Insured by Any Federal Government Agency No Bank Guarantee Not FDIC Insured May Lose Value About Protective Life Insurance Company Protective Life Insurance Company was established on a profound belief in the American dream. Since 1907, Protective Life Insurance Company has remained true to its core beliefs: quality, serving people, and growth. This unwavering commitment to treating people the way we would like to be treated has been rewarded with stable, long-term relationships and growth. Today, Protective Life is one of the nation�s leading insurance companies, proving the wisdom of our Company�s vision: Doing the right thing is smart business�.