Exhibit 4(i)


 


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


 


ROTH INDIVIDUAL RETIREMENT ANNUITY (IRA) ENDORSEMENT


FOR DEFERRED ANNUITY CONTRACTS


 


The
Contract to which this Individual Retirement Annuity Endorsement is attached is
issued as an individual retirement annuity under Section 408A of the
Internal Revenue Code of 1986, as amended (the “Code”). Accordingly, the
applicable provisions of the Contract are restricted or amended by this
Endorsement as required by Code Section 408A.


 


The
Contract is amended as follows:


 


1.                                           OWNER AND ANNUITANT


The
Annuitant must be an individual who is the sole Owner, and all payments made
from the Contract while the Annuitant is alive must be made to the Annuitant.
Except as permitted under Section 8 of this Endorsement, and otherwise
permitted under the Code and applicable regulations, neither the Owner nor the
Annuitant can be changed.


 


2.                                           NONTRANSFERABLE AND NONFORFEITABLE


The
Contract is established for the exclusive benefit of the Owner and his or her
beneficiaries. The Owner’s interest under the Contract is nontransferable, and
except as provided by law, is nonforfeitable. In particular, the Contract may
not be sold, assigned, discounted or pledged as collateral for a loan or as security
for the performance of any obligation or for any other purpose, to any person
other than the Company (other than a transfer incident to a divorce or
separation instrument in accordance with Code Section 408(d)(6)).


 


3.                                           PURCHASE PAYMENTS


Except
in the case of a rollover contribution described in section 408A(e), a
recharacterized contribution described in section 408A(d)(6), or an IRA
Conversion Contribution, Purchase Payments may not exceed $3,000 for any
taxable year beginning in 2002 through 2004, $4,000 for any taxable year
beginning in 2005 through 2007, and $5,000 for any taxable year beginning in
2008 and years thereafter. After 2008, the limit will be adjusted by the
Secretary of the Treasury for cost-of-living increases under Code Section 219(b)(5)(C).
Such adjustments will be in multiples of $500. In the case of an individual who
is 50 or older, the annual cash contribution limit is increased by $500 for any
taxable year beginning in 2002 through 2005, and $1,000 for any taxable year
beginning in 2006 and years thereafter.


 


The
contribution limit described above is gradually reduced to $0 for higher income
Annuitants. For a single Annuitant, the annual contribution is phased out
between adjusted gross income (AGI) of $95,000 and $110,000; for a married
Annuitant filing jointly, between AGI of $150,000 and $160,000; for a married
Annuitant filing separately, between AGI of $0 and $10,000. In the case of a
conversion, we will not accept IRA Conversion Contributions in a tax year if
the Annuitant’s AGI for the tax year the funds were distributed from the other
IRA exceeds $100,000 or if the Annuitant is married and files a separate
return. Adjusted gross income is defined in section 408A(c)(3) and does
not include IRA Conversion Contributions.


 


In
the case of a joint return, the AGI limits described above apply to the
combined AGI of the Annuitant and his or her spouse.


 


	
  IPV-2069

  	
   

  	
  7/08

  



 


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4.                                      DISTRIBUTIONS AFTER DEATH OF THE OWNER


If
the Annuitant dies before his or her entire interest in the Contract is
distributed to him or her and the Annuitant’s surviving spouse is not the sole
designated beneficiary, the remaining interest in the Contract must be
distributed in accordance with (a) below or, if elected or there is no
designated beneficiary, in accordance with (b) below.


 


(a)          The remaining interest in
the Contract must be distributed, starting by the end of the calendar year
following the year of the Annuitant’s death, over the designated beneficiary’s
remaining life expectancy, or a period no longer than such remaining life
expectancy, as determined in the year following the death of the Annuitant.


 


(b)         The remaining interest in
the Contract must be distributed by the end of the calendar year containing the
fifth anniversary of the Annuitant’s death.


 


If
the Annuitant’s surviving spouse is the sole designated beneficiary, such
spouse will then be treated as the Annuitant.


 


5.                                      ANNUAL REPORTS


The
Company will furnish annual calendar year reports concerning the status of this
Contract and such information concerning required minimum distributions as is
prescribed by the Commissioner of the Internal Revenue Service.


 


6.                                      CODE SECTION 72(s)


All
references in the Contract to Code Section 72(s) are deleted.


 


7.                                      AMENDMENT OF THIS ENDORSEMENT


The
Company reserves the right, and the Owner agrees the Company shall have such
right, to make any amendments to this Endorsement from time to time as may be
necessary to comply with the Code, as amended, and the regulations thereunder.
We will obtain all necessary approvals including, where required, that of the
Owner and will send you a copy of the endorsement that modifies your Contract.
We will not be responsible for any adverse tax consequences resulting from the
rejection of such an amendment.


 


8.                                      GROUP CONTRACT


If
this Endorsement is used with a certificate issued under a group contract, the
term “Owner” refers to the Participant/Annuitant and the term “Contract” refers
to your Certificate.


 


Signed
for the Company as of the Effective Date.


 


Protective
Life Insurance Company


 


	
  /s/ Deborah J. Long

  	
   

  
	
  { Deborah J. Long }

  	
   

  
	
  Secretary

  	
   

  



 


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