Protective® Aspirations

Death Bene昀椀ts Overview ® PROTECTIVE ASPIRATIONS Variable Annuity Not FDIC/NCUA Insured Not Bank or Credit Union Guaranteed Not a Deposit Not Insured By Any Federal Government Agency May Lose Value Protective refers to Protective Life Insurance Company.

Leave a legacy that lives on With multiple enhanced death bene昀椀t options available with your ® Aspirations variable annuity, you have the 昀氀exibility to Protective tailor your approach to match your unique legacy goals.

Death bene昀椀t options Your Protective Aspirations variable annuity death bene昀椀t provides an e昀케cient way to protect your loved ones. It can allow you to leave a legacy for your bene昀椀ciaries without the complications of extra costs and delays associated with probate. Since your retirement goals are uniquely your own, we o昀昀er four death bene昀椀t options so you can decide which works best for your situation. Our standard death bene昀椀t is included at no extra cost. Alternatively, you may select one of three enhanced death bene昀椀ts to potentially increase the amount available to your bene昀椀ciaries: • Return of Purchase Payments death bene昀椀t • Maximum Annual Value death bene昀椀t • Maximum Quarterly Value death bene昀椀t Key di昀昀erences between each option Availability ages Contract value lock-in Cost Standard return of 0‑85 N/A Included account value Return of purchase 0‑85 N/A 0.20% (annualized) payments Maximum Anniversary 0‑77 Annually 0.35% (annualized) Value death bene昀椀t Maximum Quarterly 0‑77 Quarterly 0.40% (annualized) Value death bene昀椀t 1

Protective Aspirations Variable Annuity Standard death bene昀椀t option The standard Return of Account Value death bene昀椀t is available at no additional cost with purchase of your Protective Aspirations variable annuity. It o昀昀ers a bene昀椀t equal to your contract value. Enhanced death bene昀椀t options You may select from one of three enhanced death bene昀椀ts in lieu of the standard Return of Account Value death bene昀椀t for an additional fee when you purchase your contract. The monthly fee for each enhanced death bene昀椀t is based on the value of the death bene昀椀t and is assessed at the beginning of each contract month. Please note that once an enhanced death bene昀椀t is chosen, it cannot be changed for the term of the contract. Please see the prospectus for more details. Return of Purchase Payments death bene昀椀t With our Return of Purchase Payments death bene昀椀t, should you pass away before starting annuity income payments, your bene昀椀ciaries will receive the greater of the: • Contract value, or • Total investment in the variable annuity (total purchase payments), less an adjustment for each prior withdrawal. As the contract value increases, so does the death bene昀椀t amount; however, if the contract value decreases due to poor market performance, the death bene昀椀t will never fall below the investment in the variable annuity. Your bene昀椀ciaries Your bene昀椀ciaries Your bene昀椀ciaries receive the receive the contract receive the contract investment in the variable value upon your death. value upon your death. annuity upon your death. Contract value 1 2 3 4 5 6 7 8 9... Contract anniversary Death bene昀椀t Total investment This chart is hypothetical and is intended solely to demonstrate how the Return of Purchase Payments death bene昀椀t works and assumes one single investment and no withdrawals. It is not indicative of the performance of any variable annuity investment option, does not re昀氀ect any actual account values, prior withdrawals nor any fees associated with Protective's variable annuities. 2

Maximum Anniversary Value death bene昀椀t With the Maximum Anniversary Value death bene昀椀t, the death bene昀椀t increases with the contract value and can be locked in each contract anniversary. Once locked in, the amount never falls below the highest anniversary lock-in amount, even when the contract value decreases. Your bene昀椀ciaries will receive the greatest of the: • Contract value, or • Total investment in the variable annuity, less an adjustment for each prior withdrawal, or • Maximum Anniversary value attained before your 83rd birthday or date of your passing, whichever is earlier, less an adjustment for each prior withdrawal. Even after contract value decreases, your bene昀椀ciaries receive the contract value as of the highest annual lock-in Your bene昀椀ciaries receive upon your death. the total investment in the variable annuity upon your death. Contract value 1 2 3 4 5 6 7 8 9... Contract anniversary Lock-in opportunity Death bene昀椀t Total investment This chart is hypothetical and is intended solely to demonstrate how the Maximum Anniversary Value death bene昀椀t works and assumes one single investment and no withdrawals. It is not indicative of the performance of any variable annuity investment option, does not re昀氀ect any actual account values, prior withdrawals nor any fees associated with Protective's variable annuities. 3

Maximum Quarterly Value death bene昀椀t With the Maximum Quarterly Value death bene昀椀t, the death bene昀椀t increases with the contract value and can be locked in each quarter. Once locked in, the amount never falls below the highest quarterly lock-in amount, even when the contract value decreases. Your bene昀椀ciaries will receive the greatest of the: • Contract value, or • Total investment in the variable annuity, less an adjustment for each prior withdrawal, or • Maximum quarterly value attained before your 83rd birthday or date of your passing, whichever is earlier, less an adjustment for each prior withdrawal. Even after contract value decreases, Q4 your bene昀椀ciaries receive the contract value as of the highest quarterly Q3 lock-in upon your death. Your bene昀椀ciaries receive Q2 the total investment in the variable annuity upon Q2 your death. Q1 Contract value 1 2 3 4 5 6 7 8 9 Contract anniversary Lock-in opportunity Death bene昀椀t Total investment This chart is hypothetical and is intended solely to demonstrate how the Maximum Quarterly Value death bene昀椀t works and assumes one single investment and no withdrawals. It is not indicative of the performance of any variable annuity investment option, does not re昀氀ect any actual account values, prior withdrawals nor any fees associated with Protective's variable annuities. Your death bene昀椀t option must be selected when you apply for your contract and it cannot be changed after your contract is issued. Things to note about variable annuity death bene昀椀ts It’s important to know that withdrawals taken from your variable annuity impact the death bene昀椀t amount. When a withdrawal is made, an adjustment is made to the death bene昀椀t in the same proportion to the amount withdrawn, including any associated surrender charges, reducing the contract value. Your death bene昀椀t option must be selected when you apply for your contract and it cannot be changed after your contract is issued. 4

We want to help you make the most of what’s ahead by building con昀椀dence and security for your loved ones’ futures. Your purchase of a variable annuity with a death bene昀椀t option helps protect your 昀椀nancial future and those of your bene昀椀ciaries. Discuss these options with your 昀椀nancial professional to create a lasting legacy that works for you and your loved ones. 5

protective.com Protective refers to Protective Life Insurance Company (PLICO), Nashville, TN. Protective is a registered trademark of Protective Life Insurance Company. The Protective trademarks, logos and service marks are property of Protective Life Insurance Corporation and are protected by copyright, trademark, and/or other proprietary rights and laws. Variable annuities are long-term investments intended for retirement planning and involve market risk and the possible loss of principal. Investments in variable annuities are subject to fees and charges from the insurance company and the investment managers. Protective does not recommend or endorse any particular investment option and does not provide investment advice. Neither Protective nor its representatives o昀昀er legal or tax advice. Purchasers should consult their attorney or tax advisor regarding their individual situation. Withdrawals may be subject to income tax and, if taken prior to age 59½, an additional 10% IRS tax penalty may apply. More frequent withdrawals may reduce earnings more than annual withdrawals. During the withdrawal charge period, withdrawals in excess of the penalty-free amount may be subject to a withdrawal charge. Withdrawals reduce the annuity’s remaining death bene昀椀t, contract value, cash surrender value and future earnings. Protective Aspirations variable annuity is a 昀氀exible premium deferred variable and 昀椀xed annuity contract issued by PLICO in all states except New York under policy form series VDA-P-2006. Return of Premium Death Bene昀椀t o昀昀ered under rider form series VDA-P-6001BB. Maximum Anniversary Value Death Bene昀椀t o昀昀ered under rider form series VDA-P-6002BB. Maximum Quarterly Value Death Bene昀椀t o昀昀ered under rider form series VDA-P-6034BB. Policy form numbers, product availability and product features may vary by state. Variable annuities are distributed by Investment Distributors, Inc. (IDI), a broker-dealer and the principal underwriter for registered products issued by PLICO. Investors should carefully consider the investment objectives, risks, charges and expenses of a variable annuity, any optional protected lifetime income bene昀椀t, and the underlying investment options before investing. This and other information is contained in the prospectuses for a variable annuity and its underlying investment options. Investors should read the prospectuses carefully before investing. Prospectuses may be obtained by contacting PLICO at 800-456-6330. Not FDIC/NCUA Insured Not Bank or Credit Union Guaranteed Not a Deposit Not Insured By Any Federal Government Agency May Lose Value PAC.3384556 (12.21)