SUPPLEMENT for the Commonwealth of Pennsylvania
dated November 1, 2000 to PROSPECTUS
dated June 7, 2000 for
PREMIERE SURVIVOR issued by Protective Life Insurance Company
The information provided in the "Deductions from Premium Payments" section on
Page 7 is amended as follows:
Policy Year Current Charge Maximum Charge
----------- -------------- --------------
1-20 7.5% 8.0%
21+ 2.0% 2.5%
The second and third sentences in the "Deductions from Policy Value" section on
Page 8 are amended as follows:
Monthly administration fees are currently $.035 per $1,000 of Basic
Face Amount (guaranteed not to exceed $.04 per $1,000) during Policy
Years 1 through 20. This charge is not assessed after the twentieth
policy year.
The first paragraph under the "Policy Split Option Endorsement" section on Page
27 is amended as follows:
Policy Split Option Endorsement. Under this endorsement, the Owner(s)
may exchange the Policy for two individual permanent life insurance
policies, one on the life of each of the Joint Insureds by making a
written request to the Home Office.
The information provided in the "Premium Expense Charge" section on Page 30 is
amended as follows:
Policy Year Current Charge Maximum Charge
----------- -------------- --------------
1-20 7.5% 8.0%
21+ 2.0% 2.5%
The third and fourth sentences of the first paragraph in the "Monthly
Administration Fee" section on Page 32 are amended as follows:
The monthly administration fee is currently equal to $.035 per $1,000
of Basic Face Amount (guaranteed not to exceed $.04 per $1,000) in
Policy Years 1 through 20. This fee is no longer assessed after the
twentieth Policy Year.
<PAGE>
The entries on the tables on Page 35 for the Policy's Sales Charges/Premium
Expense Charge and Administration Fees are amended as follows:
Sales Charges/Premium Expense Percentage of
each
premium payment
as follows:
Charge 8.0% in Policy
Years 1 through 20
2.5% in Policy
Years 21+
Administrative Fees A maximum
monthly charge
equal to $.04 per
$1,000 of the
Basic Face Amount
in Policy Years 1
through 20.
Additional charge
for the first 12
months after an
increase in the
Supplemental Face
Amount based on
the amount of
increase.
ILLUSTRATIONS OF POLICY VALUES:
The revised charge structure will impact the hypothetical Illustrations on Pages
38 through 41 of the Prospectus. For a comparable Illustration of Policy Values
based upon the proposed Joint Insureds' individual circumstances, please consult
your Registered Representative.
