Exhibit 4(d)  



	PROTECTIVE LIFE INSURANCE COMPANY	 	P. O. BOX 10648	 	BIRMINGHAM, ALABAMA	 	35202-0648
	





GUARANTEED ACCOUNT ENDORSEMENT  


We
are amending the Contract to which this endorsement is attached as described below: 



	1.
	The
definition for Contract Value is deleted and replaced by the definition below: 




Contract Value:    Prior to the Annuity Commencement Date, the sum of the Variable Account value and the Guaranteed Account value attributable
to a {Contract}{Certificate}. 



	2.
	The
first paragraph of the provision entitled "Variable Account Value" in the "VARIABLE
ACCOUNT" section of your Contract is deleted and replaced by the paragraph below: 







Variable Account Value—At any time prior to the Annuity Commencement Date, the Variable Account value is equal to: 


	(1)
	Net
Purchase Payments allocated to the Variable Account; plus



	(2)
	amounts
transferred into the Variable Account; plus



	(3)
	other
amounts applied to the Variable Account; plus or minus



	(4)
	investment
performance; minus



	(5)
	amounts
transferred out of the Variable Account; minus



	(6)
	the
amount of any surrenders removed from the Variable Account; minus



	(7)
	other
charges, fees and premium taxes deducted from the Variable Account. 






The
Variable Account value equals the total of the Sub-Account values. 



	3.
	The
following provisions are added to your Contract. 





DEFINITIONS  




Guaranteed Account:    Includes any Allocation Option we may offer with interest rate guarantees. 




GUARANTEED ACCOUNT  




General Description—The Guaranteed Account includes the Fixed Account and the DCA Fixed Accounts, which are each a part of the Company=s
general account. Amounts allocated to an account in the Guaranteed Account earn interest from the date they are credited to the account. 


We,
in our sole discretion, establish interest rates for each account in the Guaranteed Account. We will not declare a rate that yields values less than those required by the state in which the
Contract is delivered. Because interest rates vary from time to time, allocations made to the same account in the Guaranteed Account at different times may earn interest at different rates. 



Fixed Account—Generally, you may allocate some or all of your Net Purchase Payments and may transfer some or all of your Contract Value to
the Fixed Account. The interest rates we apply to a Net Purchase Payment or a transfer allocated to the Fixed Account are guaranteed for one year from the date they are credited to the account. When
an interest rate guarantee expires, we will set a new interest rate, which may not be the same as the 




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interest
rate then in effect for a subsequent Net Purchase Payment allocated to the Fixed Account. The new interest rate is also guaranteed for one year. 



DCA Fixed Accounts—The DCA Fixed Accounts are available only for Net Purchase Payments designated for dollar cost averaging. You may
allocate a Net Purchase Payment to a DCA Fixed Account only when the value of that DCA Fixed Account is $0. The entire value of a DCA Fixed Account must be transferred to the Variable Account prior to
allocating any new Net Purchase Payment to that DCA Fixed Account. Allocations to a DCA Fixed Account must include
instructions regarding transfer frequency and the Sub-Accounts into which the transfers are to be made. 


We
will systematically transfer Net Purchase Payments allocated to a DCA Fixed Account into the Variable Account in equal amounts over the period we allow for that DCA Fixed Account. The interest rate
we apply to a Net Purchase Payment allocated to a DCA Fixed Account is guaranteed for the period over which transfers are allowed from that DCA Fixed Account. Interest credited to a DCA Fixed Account
will be accumulated and transferred from the DCA Fixed Account after the last dollar cost averaging transfer. 


Guaranteed Account Value—Prior to the Annuity Commencement Date, the Guaranteed Account value is equal to: 


	(1)
	Net
Purchase Payments allocated to the Guaranteed Account; plus



	(2)
	interest,
and other amounts credited to the Guaranteed Account; minus



	(3)
	amounts
transferred out of the Guaranteed Account; minus



	(4)
	the
amount of any surrenders removed from the Guaranteed Account; minus



	(5)
	other
charges, fees and premium taxes deducted from the Guaranteed Account. 




For
the purposes of interest crediting, amounts deducted, transferred or withdrawn from accounts in the Guaranteed Account will be separately accounted for on a Afirst-in, first-out@ (FIFO) basis. 




TRANSFERS  




There
are limitations on transfers involving the Guaranteed Account. Amounts transferred to the Variable Account from the Guaranteed Account may not be transferred into the Fixed Account until after
{6} months from the date that amount was first transferred to the Variable Account. 


The
maximum amount that may be transferred out of the Fixed Account in any Contract Year is the greater of (a) $2,500; or (b) 25% of the Fixed Account value as of the prior Contract
Anniversary, plus 25% of any Net Purchase Payments and transfers allocated to the Fixed Account since the prior Contract Anniversary. 


Transfers
into a DCA Fixed Account are not permitted. Dollar cost averaging transfers into any account in the Guaranteed Account or the {OppenheimerFunds Money} Sub-Account are not permitted. If
dollar cost averaging transfers from a DCA Fixed Account are terminated, we will transfer any amount remaining in that DCA Fixed Account into the Sub-Accounts according to the allocation instruction
in effect for that DCA Fixed Account at the time the dollar cost averaging transfers are terminated, unless you have otherwise instructed us how to allocate the remaining amount. 




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SURRENDERS  




Surrenders from the Guaranteed Account—The Company may delay payment of a partial or full surrender from the Guaranteed Account for up to
six months where permitted. 





Signed
for the company and made a part of the contract as of the Effective date. 


PROTECTIVE
LIFE INSURANCE COMPANY 



	


 



Secretary

	
 	

 




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MINIMUM GUARANTEED ACCOUNT VALUES  


This
table illustrates the accumulation of an annual $10,000 Net Purchase Payment made at the beginning of each Contract Year at the minimum guaranteed interest rate and annual contract maintenance
fee applicable to this Contract. 



	
 Year
	
 	

Beginning

Contract

Value
	
 	

Ending

Contract

Value
	
 	

Surrender

Value
	
 	

Effective

Rate of

Return
	
 
	1	 	$	10,000	 	$	10,120	 	$	10,120	 	1.20	%
	2	 	$	20,120	 	$	20,392	 	$	20,392	 	1.30	%
	3	 	$	30,392	 	$	30,818	 	$	30,818	 	1.35	%
	4	 	$	40,818	 	$	41,400	 	$	41,400	 	1.38	%
	5	 	$	51,400	 	$	52,171	 	$	52,171	 	1.42	%
	6	 	$	62,171	 	$	63,104	 	$	63,104	 	1.44	%
	7	 	$	73,104	 	$	74,200	 	$	74,200	 	1.46	%
	8	 	$	84,200	 	$	85,463	 	$	85,463	 	1.47	%
	9	 	$	95,463	 	$	96,895	 	$	96,895	 	1.47	%
	10	 	$	106,895	 	$	108,498	 	$	108,498	 	1.48	%





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