- Statement of Changes in Beneficial Ownership (4)

FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES	OMB APPROVAL OMB Number: 3235-0287 Expires: February 28, 2011 Estimated average burden hours per response... 0.5
	Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940

1. Name and Address of Reporting Person ^* KING CAROLYN	2. Issuer Name and Ticker or Trading Symbol PROTECTIVE LIFE CORP [ PL ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __ X __ Officer (give title below) _____ Other (specify below) SR. VP
(Last) (First) (Middle) 2801 HIGHWAY 280, SOUTH	3. Date of Earliest Transaction (MM/DD/YYYY) 2/28/2011
(Street) BIRMINGHAM, AL 35223 (City) (State) (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) _ X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock								16585.0000	D
Common Stock								4303.7890	I	By 401(k) ⁽¹⁾
Common Stock								461.6280	I	Deferred Compensation ⁽²⁾

*Table II - Derivative Securities Beneficially Owned ( e.g.* , puts, calls, warrants, options, convertible securities)**
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)			11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units ⁽³⁾	$0.0000 ⁽³⁾	2/28/2011		A		4300.0000		2/28/2014 ⁽⁴⁾	2/28/2015 ⁽⁴⁾	Common Stock	4300.0000	$0.0000	4300.0000	D
Restricted Stock Units ⁽⁵⁾	⁽³⁾							2/26/2013	2/26/2014	Common Stock	8408.0000		8408.0000	D
Restricted Stock Units ⁽⁵⁾	⁽³⁾							3/4/2012	3/4/2013	Common Stock	16410.0000		16410.0000	D
Restricted Stock Units ⁽⁵⁾	⁽³⁾							3/5/2008	3/5/2011	Common Stock	555.0000		555.0000	D
SAR ⁽⁶⁾	$18.3600							2/26/2011	2/26/2020	Common Stock	2717.0000		2717.0000	D
SAR ⁽⁶⁾	$18.3600							2/26/2012	2/26/2020	Common Stock	2717.0000		2717.0000	D
SAR ⁽⁶⁾	$18.3600							2/26/2013	2/26/2020	Common Stock	2716.0000		2716.0000	D
SAR ⁽⁶⁾	$38.5900							2/28/2009	2/28/2018	Common Stock	1200.0000		1200.0000	D
SAR ⁽⁶⁾	$38.5900							2/28/2010	2/28/2018	Common Stock	1200.0000		1200.0000	D
SAR ⁽⁶⁾	$38.5900							2/28/2011	2/28/2018	Common Stock	1200.0000		1200.0000	D
SAR ⁽⁶⁾	$38.5900							2/29/2012	2/28/2018	Common Stock	1200.0000		1200.0000	D
SAR ⁽⁶⁾	$3.5000							3/4/2010	3/4/2020	Common Stock	6944.0000		6944.0000	D
SAR ⁽⁶⁾	$3.5000							3/4/2011	3/4/2020	Common Stock	6944.0000		6944.0000	D
SAR ⁽⁶⁾	$3.5000							3/4/2012	3/4/2020	Common Stock	6945.0000		6945.0000	D
SAR ⁽⁶⁾	$43.4600							3/5/2008	3/5/2017	Common Stock	825.0000		825.0000	D
SAR ⁽⁶⁾	$43.4600							3/5/2009	3/5/2017	Common Stock	825.0000		825.0000	D
SAR ⁽⁶⁾	$43.4600							3/5/2010	3/5/2017	Common Stock	825.0000		825.0000	D
SAR ⁽⁶⁾	$43.4600							3/5/2011	3/5/2017	Common Stock	825.0000		825.0000	D

Explanation of Responses:
( 1)	Total Shares held by reporting person in PLC's 401(k) and Stock Ownership Plan as of 3/1/11.
( 2)	Previously reported shares acquired through PLC Def. Comp. Plan for Officers of the Corporation (exempt under Rule 16b-3).
( 3)	Each restricted stock unit represents a contingent right to receive one share of PLC common stock.
( 4)	4,300 restricted stock units granted on 2/28/11 (exempt under Rule 16b-3). 50% of the restricted stock units will vest in each of 2014 and 2015 subject to the terms of the plan.
( 5)	Previously reported Restricted Stock Units.
( 6)	Previously reported Stock Appreciation Right (SAR).

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
KING CAROLYN 2801 HIGHWAY 280, SOUTH BIRMINGHAM, AL 35223			SR. VP

Signatures
by Harriette Hyche Attorney-in-Fact for Carolyn King		3/2/2011
^** Signature of Reporting Person		Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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