[Logo: Protective Variable Annuity II] Protective Life Insurance Company
Protective Variable Annuity
Separate Account
P.O. Box 10648
Birmingham, Alabama 35202-0648
Telephone: 1-800-456-6330
The prospectus for the Protective Variable Annuity II Contract is
amended as follows for use in the state of Oregon:
DESCRIPTION OF THE CONTRACT
Purchase Payments (page 25)
We will only accept Purchase Payments (initial or subsequent) before the earlier
of the oldest Owner's 85th birthday, or the Annuitant's 85th birthday.
THE GUARANTEED ACCOUNT (pages 31-32)
The Fixed Account is not available; the DCA Fixed Accounts are only available
for the initial Purchase Payment.
CHARGES AND DEDUCTIONS
Surrender Charge (Contingent Deferred Sales Charge)
Determining the Surrender Charge (page 36)
We calculate the surrender charge by first allocating surrendered Contract Value
in excess of any free withdrawal amount to Purchase Payments not previously
assessed with a surrender charge on a "first-in, first-out" (FIFO) basis. We
then allocate any remaining surrendered Contract Value to the initial Purchase
Payment. The surrender charge is the total of each of the allocated amounts of
surrendered Contract Value multiplied by its applicable surrender charge
percentage, as shown in the table on page 36 of the prospectus.
ANNUITIZATION
Annuity Commencement Date (page 38)
The Annuity Commencement Date may not be changed. We will permit you to elect
early annuitization subject to the limitations and reservations of the early
annuitization privilege described on pages 38-39 of the prospectus.
On the Annuity Commencement Date you may elect to receive your Contract Value,
less any applicable charges, in a lump sum, or we will apply that amount to the
Annuity Option you have selected to determine an annuity income payment.
Supplement dated July 5, 2000
to
Prospectus dated May 1, 2000
for use in the
State of Oregon
