# EDGAR Filing Document

**Accession Number:** 0000948923
**File Stem:** 0001104659-26-047716
**Filing Date:** 2026-4
**Character Count:** 33714
**Document Hash:** eadae7f78b3b08c4c6d0e1a6bda20d9d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-047716.hdr.sgml**: 20260423

**ACCESSION NUMBER**: 0001104659-26-047716

**CONFORMED SUBMISSION TYPE**: 497VPU

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260423

**DATE AS OF CHANGE**: 20260423

**EFFECTIVENESS DATE**: 20260423

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PROTECTIVE VARIABLE LIFE SEPARATE ACCOUNT
- **CENTRAL INDEX KEY:** 0000948923

**ORGANIZATION NAME:**
- **EIN:** 630169720
- **STATE OF INCORPORATION:** TN
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 497VPU
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-52215
- **FILM NUMBER:** 26888928

**BUSINESS ADDRESS:**
- **STREET 1:** 2801
- **STREET 2:** 2801 HIGHWAY 280 SOUTH
- **CITY:** BIRMINGHAM
- **STATE:** AL
- **ZIP:** 35223
- **BUSINESS PHONE:** 2058683586

**MAIL ADDRESS:**
- **STREET 1:** 2801 HIGHWAY 280 SOUTH
- **CITY:** BIRMINGHAM
- **STATE:** AL
- **ZIP:** 35223

## Series and Classes Contracts Data

### PROTECTIVE VARIABLE LIFE SEPARATE ACCOUNT (Series ID: S000010421)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000069923 | PREMIERE III |  |

[**TABLE OF CONTENTS**](#TOCtm262547d2_497vpu)

#### Updating Summary Prospectus for Existing Investors

#### May 1, 2026

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| | |
|:---|:---|
| ***Premiere III <br>An Individual Flexible Premium Variable and Fixed Life Insurance Policy***  | *Issued by <br>**Protective Variable Life Separate Account** <br>and <br>**Protective Life Insurance Company**<br>**2801 Highway 280 South**<br>**Birmingham, Alabama 35223**<br>Telephone: (800) 265-1545*  |

---

This Updating Summary Prospectus describes an individual flexible premium variable and fixed life insurance policy (the "Policy"). You should read this Updating Summary Prospectus carefully, particularly the section titled Important Information You Should Consider About the Policy.

The Prospectus for the Premiere III Policy contains more information about the Policy, including its features, benefits, and risks. You can find the prospectus and other information about the Policy online at www.protective.com/productprospectus. You can also obtain this information at no cost by calling 1(800) 838-0650 or by sending an email request to prospectus@protective.com.

Additional information about certain investment products, including variable life insurance, has been prepared by the SEC staff and is available at Investor.gov.

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[**TABLE OF CONTENTS**](#TOCtm262547d2_497vpu)

**TABLE OF CONTENTS**

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| | |
|:---|:---|
| [SPECIAL TERMS](#idSPECIALTERM6474tm262547d2_497vpu)  | [3](#idSPECIALTERM6474tm262547d2_497vpu)  |
| [UPDATED INFORMATION ABOUT YOUR POLICY](#idUPDATEDINFO2871tm262547d2_497vpu)  | [4](#idUPDATEDINFO2871tm262547d2_497vpu)  |
|  [IMPORTANT INFORMATION YOU SHOULD CONSIDER ABOUT THE POLICY](#idIMPORTANTIN16126tm262547d2_497vpu)  | [4](#idIMPORTANTIN16126tm262547d2_497vpu)  |

---

[APPENDIX: FUNDS AVAILABLE UNDER THE POLICY](#idAPPENDIXFUN64862tm262547d2_497vpu)<sub>7</sub>

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[**TABLE OF CONTENTS**](#TOCtm262547d2_497vpu)

#### SPECIAL TERMS
**"We", "us", "our", "Protective Life", and "Company"** Refer to Protective Life Insurance Company. "You", "your" and "Owner" refer to the person(s) who have been issued a Policy.

**Death Benefit** The amount of insurance provided under the Policy used to determine the Death Benefit Proceeds.

**Face Amount** A dollar amount selected by the Owner and shown in the Policy on the Policy Specifications Page orSupplemental Policy Specifications Page. The minimum Face Amount permitted under the Policy is $100,000.

**Fixed Account** Part of Protective Life's General Account to or from which Policy Value may be transferred and into which Net Premiums may be allocated under a Policy.

**Fund** A separate investment portfolio of an open-end management investment company or unit investment trust in which a Sub-Account invests. Also referred to as an "Investment Option".

**Home Office** 2801 Highway 280 South, Birmingham, Alabama 35223. The mailing address for the Home Office is P.O. Box 292 Birmingham, AL 35201-0292. The Home Office is referred to as the "Administrative Office" in the Policy.

**Initial Face Amount** The Face Amount on the Policy Effective Date.

**Insured** The person whose life is covered by the Policy.

**Lapse** Termination of the Policy at the expiration of the grace period while the Insured is still living.

**Policy Value** The sum of the Variable Account Value, the Fixed Account Value, and the Loan Account Value.

**Policy Year** Each period of twelve months commencing with the Policy Effective Date and each Policy Anniversary thereafter.

**Sub-Account** A separate division of the Variable Account established to invest in a particular Fund.

**Surrender Charge** A contingent deferred sales charge deducted from the Policy Value if the Policy is surrendered, Lapses, or the Initial Face Amount is decreased during the first 10 Policy Years.

**Variable Account** Protective Variable Life Separate Account, a separate investment account of Protective Life to and from which Policy Value may be transferred and into which Net Premiums may be allocated.

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[**TABLE OF CONTENTS**](#TOCtm262547d2_497vpu)

#### UPDATED INFORMATION ABOUT YOUR POLICY
The information in this section of the Updating Summary Prospectus is a summary of certain Policy features that have changed since the Prospectus dated May 1, 2025. This may not reflect all of the changes that have occurred since you entered into your Policy.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Invesco Asset Management Limited was removed as the sub-adviser for the Invesco<sup>®</sup> V.I. Global Real Estate Fund.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The MFS<sup>®</sup> VIT II International Intrinsic Value Portfolio changed its name to the MFS<sup>®</sup> VIT II International Intrinsic Equity Portfolio.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The American Funds Insurance Series<sup>®</sup> - Global Small Capitalization Fund changed its name to the American Funds Insurance Series<sup>®</sup> – SMALLCAP World Fund<sup>®</sup>. The American Funds Insurance Series<sup>®</sup> International Fund changed its name to the American Funds Insurance Series<sup>®</sup> – EUPAC Fund<sup>™</sup>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Templeton Developing Markets VIP Fund changed its name to the Templeton Emerging Markets VIP Fund.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; For updated Fund performance and fee information please see the FUND APPENDIX.

#### IMPORTANT INFORMATION YOU SHOULD CONSIDER ABOUT THE POLICY

---

| | |
|:---|:---|
| **FEES AND EXPENSES** | **FEES AND EXPENSES** |
| **Charges for Early Withdrawals** | If you withdraw money from your Policy after the first year, a withdrawal charge equal to the lesser of 2% of the amount withdrawn or $25 will be deducted from the Policy Value. For example, if you were to withdraw $100,000 from your Policy, you would be assessed a withdrawal charge of $25. <br> If you surrender the Policy within the first 10 Policy Years, you will be subject to a surrender charge of up to 5.45% of your Initial Face Amount. For example, if you surrender your Policy in the first Policy Year and the Initial Face Amount was $100,000, you could pay a surrender charge of up to $5,450. <br> For additional information about charges for surrenders and early withdrawals, see "CHARGES AND DEDUCTIONS" and "FEE TABLE-- Transaction Charges" in the Prospectus. |
| **Transaction Charges** | In addition to withdrawal and surrender charges, you may be subject to other transaction charges, including charges on each premium paid under the Policy, charges in connection with a decrease to your Policy's Face Amount and transfer fees.<br> For additional information about transaction charges, see "CHARGES AND DEDUCTIONS" and "FEE TABLE --Transaction Charges" in the Prospectus. |
| **Ongoing Fees and Expenses (annual charges)** | In addition to surrender charges and transaction charges, you are also subject to certain ongoing fees and expenses under the Policy, including fees and expenses covering the cost of insurance ("COI") under the Policy and the cost of optional benefits available under the Policy. Such fees and expenses may be set based on characteristics of the Insured (e.g., age, sex, and rating classification). You should review the Policy specifications page of your Policy for rates applicable to your Policy. <br> You will also bear expenses associated with the Funds available under the Policy, as shown in the following table: |

---

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| | | |
|:---|:---|:---|
| **Annual Fee**  | **Minimum**  | **Maximum**  |
| Investment Options (Fund fees and expenses <sup>(1)</sup> | 0.13% | 2.575% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <sup>(1)</sup> <br>

 *As a percentage of Fund assets.* 

For additional information about annual charges, see "FEE TABLE -- Periodic Charges Other than Annual Fund Expenses" and "CHARGES AND DEDUCTIONS" in the Prospectus.

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[**TABLE OF CONTENTS**](#TOCtm262547d2_497vpu)

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| | |
|:---|:---|
| **RISKS** | **RISKS** |
| **Risk of Loss** | You can lose money by investing in this Policy, including loss of principal.<br> For additional information about the risk of loss, see "PRINCIPAL RISKS OF INVESTING IN THE POLICY" in the Prospectus. |
| **Not a Short-Term Investment** | The Policy is not a short-term investment and is not appropriate for an investor who needs ready access to cash. The Policy is designed to provide benefits on a long-term basis. Although you are permitted to take withdrawals or surrender the Policy, surrender charges and federal and state income taxes may apply. Consequently, you should not use the Policy as a short-term investment or savings vehicle. Because of the long-term nature of the Policy, you should consider whether purchasing the Policy is consistent with the purpose for which it is being considered. <br> For additional information about the investment profile of the Policy, see "PRINCIPAL RISKS OF INVESTING IN THE POLICY," "CHARGES AND DEDUCTIONS," "USE OF THE POLICY" and "TAX CONSIDERATIONS--Taxation of Insurance Policies" in the Prospectus. |
| **Risks Associated with Investment Options** | An investment in the Policy is subject to the risk of poor investment performance and can vary depending on the performance of the investment options, or Funds, available under the Policy. Each investment option (including the Fixed Account investment option) will have its own unique risks, and investors should review these investment options before making an investment decision. <br> For additional information about the risks associated with Investment Options, see "PRINCIPAL RISKS OF INVESTING IN THE POLICY," "THE COMPANY AND THE FIXED ACCOUNT," "THE VARIABLE ACCOUNT AND THE FUNDS" and "FUND APPENDIX: FUNDS AVAILABLE UNDER THE POLICY" in the Prospectus. |
| **Insurance Company Risks** | An investment in the Policy is subject to the risks related to Protective Life, including that any obligations (including under the Fixed Account investment options), guarantees, or benefits are subject to the claims-paying ability of the Company. More information about the Company, including its financial strength ratings, is available upon request by calling toll-free 1-800-265-1545.<br> For additional information about Company risks, see "PRINCIPAL RISKS OF INVESTING IN THE POLICY" and "THE COMPANY AND THE FIXED ACCOUNT" in the Prospectus. |
| **Policy Lapse** | Your Policy could terminate if the value of your Policy becomes too low to support the Policy's monthly charges. Your Policy may also Lapse due to insufficient premium payments, poor investment performance, withdrawals, unpaid loans, or loan interest. There is a cost associated with reinstating a Lapsed Policy. Death Benefits will not be paid if the Policy has Lapsed.<br> For additional information about Policy Lapse, see "PRINCIPAL RISKS OF INVESTING IN THE POLICY," "PREMIUMS," "LOANS," and "LAPSE AND REINSTATEMENT" in the Prospectus. |

---

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| | |
|:---|:---|
| **RESTRICTIONS** | **RESTRICTIONS** |
| **Investments** | While you may transfer amounts in the Sub-Accounts (which invest in shares of a corresponding Fund) and the Fixed Account, certain restrictions and transfer fees apply with regard to the number and amount of such transfers. Transfers are also subject to the excessive trading and market timing policies described in the Prospectus. <br> We reserve the right to remove or substitute Funds as investment options. <br> For additional information about Investment Options, see "TRANSFERS" and "ADDITION, DELETION, OR SUBSTITUTION OF INVESTMENTS" in the Prospectus. |

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[**TABLE OF CONTENTS**](#TOCtm262547d2_497vpu)

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| | |
|:---|:---|
| **RESTRICTIONS** | **RESTRICTIONS** |
| **Optional Benefits** | Optional benefits, including Policy loans, are subject to additional charges. Some optional benefits are available only at the time your Policy is issued and may not be available for all Owners or Insureds. The maximum loan amount we allow at any time may not exceed 99% of the Policy's Cash Value reduced by any Policy Debt or any lien outstanding (including accrued interest) on the Valuation Day your loan request is received.<br> For additional information about the optional benefits, see "OTHER BENEFITS AVAILABLE UNDER THE POLICY" and "SUPPLEMENTAL RIDERS AND ENDORSEMENTS" in the Prospectus. |

---

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| | |
|:---|:---|
| **TAXES** | **TAXES** |
| **Tax Implications** | You should consult with a tax professional to determine the tax implications regarding the purchase, ownership, and use of a Policy. Withdrawals and surrenders may be subject to income tax and will be taxed at ordinary tax rates. In addition, withdrawals and surrenders may be subject to an additional tax depending on the circumstances.<br> For additional information about tax implications, see "TAX CONSIDERATIONS" in the Prospectus. |

---

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| | |
|:---|:---|
| **CONFLICTS OF INTEREST** | **CONFLICTS OF INTEREST** |
| **Investment Professional Compensation** | Some investment professionals have and may receive compensation for selling the Policy to investors, which may include commissions, revenue sharing, and compensation from affiliates and third parties. These investment professionals may have a financial incentive to offer or recommend the Policy over another investment. <br> For additional information about compensation, see "SALE OF THE POLICIES" in the Prospectus. |
| **Exchanges** | Some investment professionals may have a financial incentive to offer an investor a new policy in place of the one he or she already owns. You should only exchange your policy if you determine, after comparing the features, fees, and risks of both policies, that it is preferable for you to purchase the new policy rather than continue to own the existing policy. <br> For additional information about exchanges, see "EXCHANGE PRIVILEGE" and "TAX CONSIDERATIONS--Section 1035 Exchanges" in the Prospectus. |

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#### APPENDIX: FUNDS AVAILABLE UNDER THE POLICY
The following is a list of Funds available under the Policy. More information about the Funds is available in the prospectuses for the Funds, which may be amended from time to time and can be found online at www.protective.com/eprospectus. You can also request this information at no cost by calling 1-800-265-1545 or by sending an email request to prospectus@protective.com.

The current expenses and performance information below reflects fees and expenses of the Funds, but do not reflect the other fees and expenses that your Policy may charge. Expenses would be higher and performance would be lower if these other charges were included. Each Fund's past performance is not necessarily an indication of future performance.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Asset<br>Allocation <br>Type** |  ***Fund - Investment Adviser; <br>Sub-Adviser(s), as applicable*** | **Current <br>Expenses** |  ***Average Annual Total Returns <br>(as of 12/31/2025)*** |  ***Average Annual Total Returns <br>(as of 12/31/2025)*** |  ***Average Annual Total Returns <br>(as of 12/31/2025)*** |
| **Asset<br>Allocation <br>Type** |  ***Fund - Investment Adviser; <br>Sub-Adviser(s), as applicable*** | **Current <br>Expenses** | **1 Year**  | **5 Year**  | **10 Year**  |
| Allocation | American Funds Insurance Series<sup>®</sup> Asset Allocation Fund - Class 2 - Capital Research and Management Company | 0.54% | 15.85% | 8.97% | 9.77% |
| International <br>Equity | American Funds Insurance Series<sup>®</sup> Global Growth Fund - Class 2 - Capital Research and Management Company<sup>(1)</sup> | 0.65% | 21.62% | 8.23% | 12.17% |
| International <br>Equity | American Funds Insurance Series<sup>®</sup> SMALLCAP World Fund<sup>®</sup>- Class 2 - Capital Research and Management Company (formerly, American Funds Insurance Series<sup>®</sup> Global Small Capitalization Fund) <sup>(1)</sup> | 0.90% | 14.64% | 0.49% | 7.23% |
| U.S. Equity | American Funds Insurance Series<sup>®</sup> Growth Fund - Class 2 - Capital Research and Management Company | 0.58% | 20.24% | 13.37% | 17.97% |
| International <br>Equity | American Funds Insurance Series<sup>®</sup> EUPAC Fund<sup>TM</sup> - Class 2 - Capital Research and Management Company (formerly, American Funds Insurance Series<sup>®</sup> International Fund)<sup>(1)</sup> | 0.72% | 26.77% | 3.40% | 7.00% |
| International <br>Equity | American Funds Insurance Series<sup>®</sup> New World Fund<sup>®</sup> - Class 2 - Capital Research and Management Company<sup>(1)</sup> | 0.82% | 28.89% | 5.33% | 9.25% |
| U.S. Equity | American Funds Insurance Series<sup>®</sup> Washington Mutual Investors Fund℠ - Class 2 - Capital Research and Management Company<sup>(1)</sup> | 0.50% | 17.21% | 13.89% | 12.36% |
| U.S. Equity | ClearBridge Variable Mid Cap Portfolio - Class II - Franklin Templeton Fund Adviser, LLC | 1.07% | 4.08% | 4.23% | 7.24% |
| U.S. Equity | ClearBridge Variable Small Cap Growth Portfolio - Class II - Franklin Templeton Fund Adviser, LLC | 1.06% | 8.97% | -0.42% | 9.11% |
| U.S. Equity | *Fidelity<sup>®</sup> VIP Contrafund<sup>®</sup> Portfolio - Service Class - FMR Investment Management (UK) Limited; Fidelity Management & Research (Japan) Limited; Fidelity Management & Research (Hong Kong) Limited* | 0.64% | 21.42% | 15.26% | 15.66% |
| U.S. Equity | *Fidelity<sup>®</sup> VIP Equity-Income Portfolio - Service Class - FMR Investment Management (UK) Limited; Fidelity Management & Research (Japan) Limited; Fidelity Management & Research (Hong Kong) Limited<sup>(6)</sup>* | 0.56% | 18.92% | 12.41% | 11.49% |
| Allocation | Fidelity<sup>®</sup> VIP Freedom Funds - Freedom 2015 Portfolio℠ - Service Class<sup>(6)</sup> | 0.51% | 11.78% | 3.90% | 6.50% |
| Allocation | Fidelity<sup>®</sup> VIP Freedom Funds - Freedom 2020 Portfolio℠ - Service Class<sup>(6)</sup> | 0.54% | 13.18% | 4.73% | 7.27% |
| U.S. Equity | *Fidelity<sup>®</sup> VIP Growth Portfolio - Service Class - FMR Investment Management (UK) Limited; Fidelity Management & Research (Japan) Limited; Fidelity Management & Research (Hong Kong) Limited<sup>(6)</sup>* | 0.65% | 14.80% | 13.59% | 17.33% |
| U.S. Equity | Fidelity<sup>®</sup> VIP Index 500 Portfolio - Service Class - *Geode Capital Management, LLC* | 0.19% | 17.66% | 14.20% | 14.59% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Asset<br>Allocation <br>Type** |  ***Fund - Investment Adviser; <br>Sub-Adviser(s), as applicable*** | **Current <br>Expenses** |  ***Average Annual Total Returns <br>(as of 12/31/2025)*** |  ***Average Annual Total Returns <br>(as of 12/31/2025)*** |  ***Average Annual Total Returns <br>(as of 12/31/2025)*** |
| **Asset<br>Allocation <br>Type** |  ***Fund - Investment Adviser; <br>Sub-Adviser(s), as applicable*** | **Current <br>Expenses** | **1 Year**  | **5 Year**  | **10 Year**  |
| Taxable Bond | *Fidelity<sup>®</sup> VIP Investment Grade Bond Portfolio - Service Class - FMR Investment Management (UK) Limited; Fidelity Management & Research (Japan) Limited; Fidelity Management & Research (Hong Kong) Limited* | 0.47% | 7.14% | -0.06% | 2.61% |
| U.S. Equity | *Fidelity<sup>®</sup> VIP Mid Cap Portfolio - Service Class - FMR Investment Management (UK) Limited; Fidelity Management & Research (Japan) Limited; Fidelity Management & Research (Hong Kong) Limited* | 0.65% | 11.66% | 10.00% | 10.48% |
| U.S. Equity | Franklin DynaTech VIP Fund - Class 2 | 0.88% | 18.13% | 9.09% | 14.08% |
| Allocation | Franklin Income VIP Fund - Class 2 | 0.72% | 12.56% | 7.66% | 7.30% |
| Allocation | Franklin Mutual Shares VIP Fund - Class 2 | 0.94% | 11.52% | 9.20% | 7.53% |
| U.S. Equity | Franklin Rising Dividends VIP Fund - Class 2 | 0.89% | 11.80% | 9.50% | 12.10% |
| U.S. Equity | Franklin Small Cap Value VIP Fund - Class 2 <sup>(1)</sup> | 0.91% | 7.65% | 8.86% | 9.81% |
| U.S. Equity | Franklin Small-Mid Cap Growth VIP Fund - Class 2 | 1.09% | 2.52% | 1.03% | 9.89% |
| Taxable Bond | Franklin U.S. Government Securities VIP Fund - Class 2  | 0.79% | 6.69% | 0.02% | 1.14% |
| Taxable Bond | Goldman Sachs VIT Core Fixed Income Fund - Service Class<sup>(1)</sup> | 0.67% | 7.32% | -0.81% | 1.86% |
| International <br>Equity | Goldman Sachs VIT International Equity Insights Fund - Service Class<sup>(1)</sup> | 1.06% | 38.15% | 10.80% | 7.96% |
| U.S. Equity | Goldman Sachs VIT Large Cap Value Fund - Service Class<sup>(1)(7)</sup> | 0.93% | 10.60% | 11.00% | 9.34% |
| U.S. Equity | Goldman Sachs VIT Mid Cap Growth Fund - Service Class<sup>(1)</sup> | 0.98% | 7.36% | 4.67% | 11.58% |
| U.S. Equity | Goldman Sachs VIT Mid Cap Value Fund - Service Class<sup>(1)</sup> | 1.06% | 9.13% | 9.77% | 9.75% |
| U.S. Equity | Goldman Sachs VIT Small Cap Equity Insights Fund - Service Class<sup>(1)(8)</sup> | 1.07% | 15.82% | 10.19% | 10.57% |
| U.S. Equity | Goldman Sachs VIT Strategic Growth Fund - Service Class<sup>(1)</sup> | 0.95% | 17.58% | 12.47% | 16.13% |
| U.S. Equity | Goldman Sachs VIT U.S. Equity Insights Fund - Service Class<sup>(1)(8)</sup> | 0.77% | 15.49% | 13.56% | 13.48% |
| U.S. Equity | Invesco<sup>®</sup> V.I. American Franchise Fund - Series I<sup>(4)</sup> | 0.85% | 11.67% | 10.35% | 14.87% |
| U.S. Equity | Invesco<sup>®</sup> V.I. American Value Fund - Series II | 1.14% | 20.76% | 17.56% | 12.01% |
| Allocation | Invesco<sup>®</sup> V.I. Balanced-Risk Allocation Fund - Series II<sup>(1)(5)</sup> | 1.13% | 8.69% | 2.27% | 4.91% |
| U.S. Equity | Invesco<sup>®</sup> V.I. Comstock Fund - Series I | 0.75% | 17.45% | 15.43% | 11.95% |
| U.S. Equity | Invesco<sup>®</sup> V.I. Discovery Large Cap Fund - Series I<sup>(1)</sup> | 0.80% | 12.79% | 11.69% | 14.22% |
| U.S. Equity | Invesco<sup>®</sup> V.I. Discovery Mid Cap Growth Fund - Series I  | 0.86% | 4.79% | 3.90% | 11.38% |
| U.S. Equity | Invesco<sup>®</sup> V.I. Discovery Mid Cap Growth Fund - Series II  | 1.11% | 4.53% | 3.64% | 11.10% |
| Allocation | Invesco<sup>®</sup> V.I. Equity and Income Fund - Series II | 0.82% | 12.52% | 8.68% | 8.64% |
| International <br>Equity | Invesco<sup>®</sup> V.I. EQV International Equity Fund - Series II  | 1.15% | 16.23% | 3.42% | 5.95% |
| International <br>Equity | Invesco<sup>®</sup> V.I. Global Fund - Series I | 0.81% | 15.32% | 7.28% | 11.00% |
| Sector Equity | Invesco<sup>®</sup> V.I. Global Real Estate Fund - Series II | 1.27% | 7.61% | 1.49% | 2.18% |
| Taxable Bond | Invesco<sup>®</sup> V.I. Global Strategic Income Fund - Series I<sup>(1)</sup> | 0.95% | 12.98% | 1.65% | 3.01% |
| Taxable Bond | Invesco<sup>®</sup> V.I. Government Securities Fund - Series II | 0.95% | 6.95% | -0.22% | 1.34% |
| U.S. Equity | Invesco<sup>®</sup> V.I. Growth and Income Fund - Series I | 0.75% | 15.62% | 12.85% | 10.73% |
| U.S. Equity | Invesco<sup>®</sup> V.I. Main Street Fund<sup>®</sup> - Series I<sup>(1)</sup> | 0.80% | 15.93% | 12.47% | 12.53% |
| U.S. Equity | Invesco<sup>®</sup> V.I. Small Cap Equity Fund - Series II | 1.21% | 7.83% | 7.06% | 9.28% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Asset<br>Allocation <br>Type** |  ***Fund - Investment Adviser; <br>Sub-Adviser(s), as applicable*** | **Current <br>Expenses** |  ***Average Annual Total Returns <br>(as of 12/31/2025)*** |  ***Average Annual Total Returns <br>(as of 12/31/2025)*** |  ***Average Annual Total Returns <br>(as of 12/31/2025)*** |
| **Asset<br>Allocation <br>Type** |  ***Fund - Investment Adviser; <br>Sub-Adviser(s), as applicable*** | **Current <br>Expenses** | **1 Year**  | **5 Year**  | **10 Year**  |
| Money Market | Invesco<sup>®</sup> V.I. U.S. Government Money Portfolio - Series I  | 0.67% | 3.64% | 2.80% | 1.76% |
| Taxable Bond | Lord Abbett Series Fund - Bond Debenture Portfolio - Class VC | 0.98% | 8.33% | 2.10% | 4.72% |
| U.S. Equity | Lord Abbett Series Fund - Dividend Growth Portfolio - Class VC<sup>(1)</sup> | 0.99% | 15.98% | 12.34% | 13.06% |
| U.S. Equity | Lord Abbett Series Fund - Fundamental Equity Portfolio - Class VC<sup>(1)</sup> | 1.08% | 14.29% | 11.36% | 9.75% |
| U.S. Equity | Lord Abbett Series Fund - Growth and Income Portfolio - Class VC<sup>(9)</sup> | 0.93% | 17.29% | 13.34% | 11.12% |
| U.S. Equity | Lord Abbett Series Fund - Growth Opportunities Portfolio - Class VC | 1.15% | 12.94% | 3.23% | 10.41% |
| U.S. Equity | Lord Abbett Series Fund - Mid Cap Stock Portfolio - Class VC | 1.15% | 7.05% | 10.16% | 7.98% |
| U.S. Equity | MFS<sup>®</sup> VIT Growth Series - Initial Class - Massachusetts Financial Services Company<sup>(1)(2)</sup> | 0.73% | 12.19% | 11.10% | 15.60% |
| International <br>Equity | MFS<sup>®</sup> VIT II Emerging Markets Equity Portfolio - Service Class - Massachusetts Financial Services Company<sup>(1)(2)</sup> | 1.48% | 33.35% | 4.11% | 7.65% |
| International <br>Equity | MFS<sup>®</sup> VIT II International Intrinsic Equity Portfolio - Service Class - Massachusetts Financial Services Company<sup>(1)(2)</sup> (formerly, MFS<sup>®</sup> VIT II International Intrinsic Value Portfolio) | 1.14% | 32.96% | 7.02% | 9.68% |
| U.S. Equity | MFS<sup>®</sup> VIT II Massachusetts Investors Growth Stock Portfolio - Initial Class - Massachusetts Financial Services Company<sup>(1)(2)</sup> | 0.72% | 9.90% | 10.02% | 14.27% |
| U.S. Equity | MFS<sup>®</sup> VIT Investors Trust Series - Initial Class - Massachusetts Financial Services Company<sup>(1)(2)</sup> | 0.74% | 13.57% | 11.33% | 12.49% |
| U.S. Equity | MFS<sup>®</sup> VIT New Discovery Series - Initial Class - Massachusetts Financial Services Company<sup>(1)(2)</sup> | 0.87% | 12.96% | -0.28% | 10.74% |
| U.S. Equity | MFS<sup>®</sup> VIT Research Series - Initial Class - Massachusetts Financial Services Company<sup>(1)(2)</sup> | 0.74% | 12.85% | 11.15% | 12.93% |
| Taxable Bond | MFS<sup>®</sup> VIT Total Return Bond Series - Service Class - Massachusetts Financial Services Company<sup>(1)(2)</sup> | 0.78% | 6.94% | -0.09% | 2.38% |
| Allocation | MFS<sup>®</sup> VIT Total Return Series - Initial Class - Massachusetts Financial Services Company<sup>(1)(2)</sup> | 0.61% | 11.16% | 6.42% | 7.63% |
| Sector Equity | MFS<sup>®</sup> VIT Utilities Series - Initial Class - Massachusetts Financial Services Company<sup>(1)(2)</sup> | 0.78% | 15.01% | 7.64% | 9.49% |
| U.S. Equity | MFS<sup>®</sup> VIT Value Series - Service Class - Massachusetts Financial Services Company<sup>(1)(2)</sup> | 0.94% | 12.77% | 9.69% | 9.77% |
| Allocation | PIMCO VIT All Asset Portfolio - Advisor Class - Pacific Investment Management Company LLC - *Research Affiliates LLC*<sup>(1)</sup> | 2.225% | 14.19% | 5.49% | 6.67% |
| Taxable Bond | PIMCO VIT Long-Term U.S. Government Portfolio - Advisor Class - Pacific Investment Management Company LLC  | 2.575% | 6.04% | -6.91% | -0.09% |
| Taxable Bond | PIMCO VIT Low Duration Portfolio - Advisor Class - Pacific Investment Management Company LLC  | 0.76% | 5.42% | 1.47% | 1.69% |
| Taxable Bond | PIMCO VIT Real Return Portfolio - Advisor Class - Pacific Investment Management Company LLC  | 1.49% | 7.74% | 1.11% | 3.11% |
| Taxable Bond | PIMCO VIT Short-Term Portfolio - Advisor Class - Pacific Investment Management Company LLC  | 0.75% | 4.57% | 3.14% | 2.65% |
| Taxable Bond | PIMCO VIT Total Return Portfolio - Advisor Class - Pacific Investment Management Company LLC  | 0.83% | 8.78% | -0.08% | 2.26% |
| U.S. Equity | Royce Capital Micro-Cap Portfolio - Service Class | 1.52% | 13.58% | 8.85% | 9.86% |
| U.S. Equity | Royce Capital Small-Cap Portfolio - Service Class | 1.44% | 8.73% | 10.40% | 7.63% |

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[**TABLE OF CONTENTS**](#TOCtm262547d2_497vpu)

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Asset<br>Allocation <br>Type** |  ***Fund - Investment Adviser; <br>Sub-Adviser(s), as applicable*** | **Current <br>Expenses** |  ***Average Annual Total Returns <br>(as of 12/31/2025)*** |  ***Average Annual Total Returns <br>(as of 12/31/2025)*** |  ***Average Annual Total Returns <br>(as of 12/31/2025)*** |
| **Asset<br>Allocation <br>Type** |  ***Fund - Investment Adviser; <br>Sub-Adviser(s), as applicable*** | **Current <br>Expenses** | **1 Year**  | **5 Year**  | **10 Year**  |
| International <br>Equity | Templeton Emerging Markets VIP Fund - Class 2 (formerly, Templeton Developing Markets VIP Fund) | 1.37% | 46.27% | 5.46% | 10.40% |
| International <br>Equity | Templeton Foreign VIP Fund - Class 2 <sup>(1)</sup> | 1.08% | 29.19% | 8.25% | 5.75% |
| Taxable Bond | Templeton Global Bond VIP Fund - Class 2 - Franklin Advisers, Inc.<sup>(1)</sup> | 0.75% | 15.73% | -0.96% | -0.15% |
| International <br>Equity | Templeton Growth VIP Fund - Class 2 <sup>(1)</sup> | 1.12% | 23.83% | 7.95% | 7.04% |
| U.S. Equity | Vanguard Variable Insurance Funds - Equity Index Portfolio<sup>(3)</sup> | 0.14% | 17.70% | 14.26% | 14.65% |
| U.S. Equity | Vanguard Variable Insurance Funds - Mid-Cap Index Portfolio<sup>(3)</sup> | 0.17% | 11.54% | 8.46% | 10.77% |
| Sector Equity | Vanguard Variable Insurance Funds - Real Estate Index Portfolio<sup>(3)</sup> | 0.26% | 3.11% | 4.50% | 5.08% |
| Taxable Bond | Vanguard Variable Insurance Funds - Total Bond Market Index Portfolio<sup>(3)</sup> | 0.14% | 6.93% | -0.50% | 1.90% |
| U.S. Equity | Vanguard Variable Insurance Funds - Total Stock Market Index Portfolio<sup>(3)</sup> | 0.13% | 16.93% | 12.97% | 14.09% |

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<sup>(1)</sup> <br>

*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; These Funds and their investment advisers have entered into contractual fee waivers or expense reimbursement arrangements. These temporary fee reductions are reflected in their annual expenses. Those contractual arrangements are designed to reduce total annual Fund operating expenses for Policy Owners and will continue past the current year.*

<sup>(2)</sup> <br>

*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-Accounts investing in series of the MFS Variable Insurance Trust or MFS Variable Insurance Trust II are not available for Policies with applications signed on or after May 1, 2015.*

<sup>(3)</sup> <br>

 *Not available for Policies with applications signed prior to May 1, 2017.* 

<sup>(4)</sup> <br>

 *Not available for Policies issued on or after November 2, 2009.* 

<sup>(5)</sup> <br>

 *Not available for the allocation of Purchase Payments or transfer of Policy Value effective May 1, 2012.* 

<sup>(6)</sup> <br>

 *Not available for Policies issued on or after November 2, 2009.* 

<sup>(7)</sup> <br>

 *Not available for Policies issued on or after May 1, 2012.* 

<sup>(8)</sup> <br>

 *Not available for Policies issued on or after November 2, 2009.* 

<sup>(9)</sup> <br>

 *Not available for Policies issued on or after May 1, 2012.* 

<sup>(10)</sup> <br>

 *Not available for Policies issued on or after May 1, 2012.* 

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[**TABLE OF CONTENTS**](#TOCtm262547d2_497vpu)

This Updating Summary Prospectus incorporates by reference the Protective Premiere III Policy's Prospectus and Statement of Additional Information ("SAI"), both dated May 1, 2026, as amended or supplemented. The SAI may be obtained, free of charge, in the same manner as the Prospectus.

EDGAR Contract Identifier: C000069923

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