ELEMENTS(sm) Protective Life Insurance Company
A Variable Annuity Protective Variable Annuity
Separate Account
2801 Highway 280 South
Birmingham, Alabama 35223
Telephone: 1-800-866-3555
We are currently offering the following enhanced Credit on Purchase
Payments to Contracts issued on or after July 12, 1999.
Cumulative Purchase Payment Normal Credit Enhanced Credit
Less than $100,000 3.00% 4.00%
At least $100,000 but less than $250,000 3.50% 4.00%
At least $250,000 but less than $500,000 4.00% 4.00%
At least $500,000 but less than $1,000,000 4.50% 4.50%
$1,000,000 or greater 5.00% 5.00%
We will apply the enhanced Credit to qualifying Purchase Payments that
we receive while this offer is in effect. We may terminate this enhanced Credit
offer at any time. Purchase Payments that do not receive the enhanced Credit
will receive the normal Credit.
All Purchase Payments are subject to our acceptance, as described in
the Prospectus. The enhanced Credit is subject to the terms and conditions
applicable to the normal Credit, as described in the Prospectus.
Supplement dated July 12, 1999
to Prospectus dated May 1, 1999
