PROTECTIVE LIFE INSURANCE COMPANY P.O. BOX 10648 BIRMINGHAM, ALABAMA 35202-0648
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ENDORSEMENT
ADDITIONAL DEATH BENEFIT
We are amending your Contract to add the Annual Reset Death Benefit described in
the following provisions.
ANNUAL RESET DEATH BENEFIT - Beginning on the 6th Contract Anniversary, we will
determine an annual reset anniversary value on each Contract Anniversary
occurring before the earlier of the deceased Owner's 80th birthday or the
deceased Owner's date of death. Each annual reset anniversary value is equal to
the sum of: the Contract Value on that Contract Anniversary; plus all Purchase
Payments since that Contract Anniversary; minus all amounts surrendered,
including associated surrender charges, since that Contract Anniversary.
If the Owner's death occurs on or before the deceased Owner's 90th birthday
the death benefit will equal the greatest of: (1) the death benefit described
in your Contract; or (2) the greatest annual reset anniversary value
attained. If the Owner's death occurs after the deceased Owner's 90th
birthday the death benefit will equal the death benefit described in your
Contract.
Only one death benefit is payable under this Contract even though the
Contract may, under certain circumstances, continue beyond the death of any
Owner.
MULTIPLE BENEFICIARIES - If there is more than one Beneficiary, provisions
relating to the distribution of the death benefit apply to each Beneficiary
individually.
Signed for the Company and made a part of the Contract as of the Effective Date.
PROTECTIVE LIFE INSURANCE COMPANY
/s/ Xxxxxxx X. Xxxx
Secretary