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Supplement dated December 1, 2000 to
Prospectuses dated May 1, 2000 for
PROTECTIVE PREMIERE I
PROTECTIVE PREMIERE II
PROTECTIVE SINGLE PREMIUM PLUS
PROTECTIVE TRANSITIONS; and
Prospectus dated June 7, 2000 for
PROTECTIVE PREMIERE SURVIVOR
issued by Protective Life Insurance Company
(800) 866-3555
As of January 1, 2001, the following Sub-Accounts will no longer be available
for additional investment, including Dollar Cost Averaging, Portfolio
Rebalancing, new policy allocations and transfers of Policy Value from other
Sub-Accounts:
<TABLE>
<S> <C>
Calvert Variable Series, Inc.: Social Small Cap Growth Portfolio
Van Eck Worldwide Insurance Trust: Worldwide Hard Assets Fund
Worldwide Real Estate Fund
</TABLE>
As of January 1, 2001, the following Sub-Accounts will become available, subject
to state regulatory approval:
<TABLE>
<S> <C>
Fidelity-Registered Trademark-Variable Insurance Products Funds: VIP Index 500 Portfolio, SC
VIP Growth Portfolio, SC
VIP Contrafund-Registered Trademark- Portfolio, SC
</TABLE>
Expense Table
The Annual Fund Expenses (without reimbursement and expense reductions) are
amended by adding the following information relating to the period January 1 to
December 31, 1999:
<TABLE>
<CAPTION>
Fidelity-Registered Trademark-Variable Insurance Management 12b-1 Fees Other Expenses Total Annual Fund
Products Funds(7): (Advisory) After Expenses
Fees Reimbursement (after
reimbursement)
<S> <C> <C> <C> <C>
VIP Index 500 Portfolio, SC 0.24% 0.10% 0.10% 0.44%
VIP Growth Portfolio, SC 0.58% 0.10% 0.09% 0.77%
VIP Contrafund-Registered Trademark-Portfolio, SC 0.58% 0.10% 0.10% 0.78%
</TABLE>
The footnotes relating to the Annual Fund Expenses table are amended to add the
following information:
(7) Fidelity Management & Research Company (FMR) has voluntarily agreed to
reimburse Service Class of each Portfolio in the event that total
operating expenses (excluding interest, taxes, certain securities
lending costs, brokerage commissions and extraordinary expenses), as a
percentage of their respective net assets, exceed the following
thresholds: VIP Index 500 Portfolio, SC, 0.38%; VIP Growth Portfolio,
SC, 1.60%; and VIP Contrafund-Registered Trademark- Portfolio, SC,
1.10%. These arrangements can be discontinued by FMR at any time.
Because distribution and/or service (12b-1) fees are paid out of the
Portfolio's assets on an ongoing basis, over time these fees will
increase the cost of your investment and may cost you more than paying
other types of sales charges.
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The information under the caption "Protective Variable Life Separate Account" is
amended to include the following Sub-Accounts where applicable: Fidelity VIP
Index 500, SC; Fidelity VIP Growth, SC; and Fidelity VIP Contrafund-Registered
Trademark-, SC. The information under the caption "The Funds" is amended to
include the Fidelity-Registered Trademark- Variable Insurance Products Funds
managed by Fidelity Management & Research Company and subadvised by Bankers
Trust Company in the case of the Fidelity VIP Index 500 Portfolio, SC and FMR
Co., Inc. in the case of the Fidelity VIP Growth Portfolio, SC and Fidelity VIP
Contrafund-Registered Trademark- Portfolio, SC.
The information under the caption "The Funds" is also amended by adding the
following:
Fidelity-Registered Trademark- Variable Insurance Products Funds
<TABLE>
<S> <C>
VIP Index 500 Portfolio, SC. This Fund
seeks investment results that
correspond to the total return of
common stocks publicly traded in the
United States, as represented by the
S&P 500.
VIP Growth Portfolio, SC. This Fund seeks to achieve capital
appreciation.
VIP Contrafund-Registered Trademark-Portfolio, SC. This Fund seeks long-term capital
appreciation.
</TABLE>
The information under the caption "Other Investors in the Funds" is amended
to include the Portfolios from the Fidelity-Registered Trademark- Variable
Insurance Products Funds.
