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Exhibit 4(d)    
    

        PROTECTIVE LIFE INSURANCE COMPANY        P. O. BOX
2606        BIRMINGHAM,
ALABAMA        35202-2606  

  
 

    VARIABLE ACCOUNT ANNUAL BONUS ENDORSEMENT  
  

        We are amending the Contract to which this endorsement is attached by adding the following provisions: 

        Annual Bonus—Beginning on the {Nth} Contract Anniversary and continuing {through the Annuity Commencement Date}
while the Contract remains in force, we will calculate an Annual Bonus and add that amount to the Contract Value. The Annual Bonus is calculated as of the end of the Valuation Period that includes the
Contract Anniversary and will be added to the Contract Value as of the following Valuation Period. 

        Calculating the Annual Bonus—We calculate the Annual Bonus by multiplying the Variable Account value as of the Contract
Anniversary for which the bonus is being calculated by the Annual Bonus rate for that Contract Anniversary as shown on your Certificate or Schedule. 

        Applying the Annual Bonus—We will add the Annual Bonus as of the Valuation Period immediately following the Valuation Period
during which it was calculated. We will apply the bonus to the Contract according to the Purchase Payment allocation instructions in effect on that date, but the Annual Bonus will not be considered a
Purchase Payment for any purpose. 

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

	 	PROTECTIVE LIFE INSURANCE COMPANY
	

 	

/s/  DEBORAH J. LONG      
 Deborah J. Long

Secretary

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Exhibit 4(d)

VARIABLE ACCOUNT ANNUAL BONUS ENDORSEMENTQuickLinks
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Exhibit 4(m)    
    

        PROTECTIVE LIFE INSURANCE COMPANY        P. O. BOX
2606        BIRMINGHAM,
ALABAMA        35202-2606  

  
 

    ANNUAL RATCHET
  VARIABLE ANNUITY DEATH BENEFIT RIDER  
  

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

	1.
	The
provision entitled "Death Benefit" in the "DEATH BENEFIT" section of your Contract
is deleted in its entirety.

	2.
	The
following provisions are added to the "DEATH BENEFIT" section of your Contract. 

Annual Ratchet Death Benefit—We will determine an annual ratchet value for each Contract Anniversary occurring before the earlier of the
oldest Owner's {80th} birthday or the deceased Owner's date of death. Each annual ratchet value is equal to the sum of: 

	(a)
	the
Contract Value on that Contract Anniversary; plus, 
	(b)
	all
Purchase Payments since that Contract Anniversary; minus, 
	(c)
	an
adjustment for each surrender since that Contract Anniversary. 

Death Benefit—The death benefit will be determined as of the end of the Valuation Period during which we receive due proof of death. The
death benefit will equal the greater of: 

	•
	the
Contract Value; or 
	•
	aggregate
Purchase Payments less an adjustment for each surrender; or 
	•
	the
highest annual ratchet value 

For
the purpose of calculating the death benefit, the adjustment for each surrender will equal the amount that reduces the death benefit in the same proportion that the amount surrendered including
any associated surrender charges reduced the Contract Value as of the Valuation Period during which that surrender was taken. 

The
maximum death benefit provided under this rider will never exceed the Contract Value as of the end of the Valuation Period during which we receive due proof of death plus $1,000,000. 

Only
one death benefit is payable under this Contract even though the Contract may, under certain circumstances, continue beyond the time of an Owner's death. 

 Enhanced Spousal Continuation Benefit  

If
a sole Beneficiary is the spouse of a deceased Owner and elects, in lieu of receiving the death benefit, to continue the Contract and become the new Owner as provided in the Contract, we will add
to the Contract Value an amount equal to the excess of the death benefit over the Contract Value, if any, as of the date we receive due proof of death. We will allocate that amount according to the
current Purchase Payment allocation instructions, but the amount we add will not be considered a Purchase Payment. 

Suspension of Benefits—For a period of one year after any change of ownership involving a natural person, the death benefit will equal the
Contract Value. 

Rider Termination—The Rider will automatically terminate upon the occurrence of any of the following events: 

	(a)
	settlement
of a claim for the death benefit; 
	(b)
	the
Contract Anniversary immediately after the oldest Owner attains Age {95}; 
	(c)
	a
cancellation, or full surrender of the Contract. 

 

Waiver of Surrender Charge—We will not apply the surrender charge if the Contract is surrendered as of a Valuation Period during which the
Contract Value is less than or equal to {25%} of the value of the death benefit. 

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

	 	PROTECTIVE LIFE INSURANCE COMPANY
	

 	

/s/  DEBORAH J. LONG      
 Deborah J. Long

Secretary

2

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Exhibit 4(m)

ANNUAL RATCHET VARIABLE ANNUITY DEATH BENEFIT RIDERQuickLinks
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Exhibit 4(n)    
    

        PROTECTIVE LIFE INSURANCE COMPANY        P. O. BOX
2606        BIRMINGHAM,
ALABAMA        35202-2606  

  
 

    BENEFIT BASED FEE ENDORSEMENT
  FOR
  VARIABLE ANNUITY DEATH BENEFIT RIDERS  
  

        We are adding the following provisions to the Variable Annuity Death Benefit Rider attached to your Contract: 

        Benefit Cost—The cost for the death benefit is equal, on an annualized basis, to {0.10%} of the average death benefit value on
the Valuation Days described in the next paragraph. 

        Monthly Fee—Once each month while the Variable Annuity Death Benefit Rider is in force, we will calculate the fee for the
death benefit and deduct that amount from the Contract Value. The monthly fee is calculated as of the end of the Valuation Period that includes the same day of the month as the Effective Date, or the
last Valuation Period of the month if that date does not occur during the month for which the fee is being calculated. The fee is deducted from the Contract Value as of the next Valuation Period. 

        Calculating the Monthly Fee—We calculate the monthly fee using the formula below: 

 
 

Monthly Fee = [1 - (1 - {0.10%})1/12] × dbv, where    

 
 

dbv = is the value of the death benefit as of the calculation date.    

        Deducting the Monthly Fee—We will deduct the monthly fee as of the Valuation Period immediately following the Valuation Period
for which it was calculated. The monthly fee will be deducted pro rata from the Allocation Options in the same proportion that the value of the Allocation Option bears to the total Contract Value. We
will not assess a surrender charge on these deductions and the deductions will not reduce any penalty free surrender amount available under the Contract. 

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

	 	PROTECTIVE LIFE INSURANCE COMPANY
	

 	

/s/  DEBORAH J. LONG      
 Deborah J. Long

Secretary

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Exhibit 4(n)

BENEFIT BASED FEE ENDORSEMENT FOR VARIABLE ANNUITY DEATH BENEFIT RIDERS

Monthly Fee = [1 - (1 - {0.10%})1/12] × dbv, where

dbv = is the value of the death benefit as of the calculation date.QuickLinks
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Exhibit 4(o)    
    

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

  
 

    DCA FIXED ACCOUNTS 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
{Certificate} {Contract}. 

	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)
	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)
	the
amount of any surrenders removed from the Variable Account including any applicable surrender charges minus

	(6)
	other
charges, fees and premium tax 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 consists of the DCA Fixed Accounts, which are each a part
of the Company's general account. Amounts allocated to a DCA Fixed Account earn interest from the date they are credited to the account. 

        We,
in our sole discretion, establish interest rates for each DCA Fixed 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 DCA Fixed at different times may earn interest at different rates. 

        DCA Fixed Accounts—The DCA Fixed Accounts are available only for Purchase Payments designated for dollar cost averaging. You
may allocate a 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 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 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 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)
	Purchase
Payments allocated to the DCA Fixed Accounts; plus

	(2)
	interest,
and other amounts credited to the DCA Fixed Accounts; minus

	(3)
	amounts
transferred out of the DCA Fixed Accounts; minus

	(4)
	the
amount of any surrenders removed from the DCA Fixed Accounts, including any applicable surrender charges; minus

	(5)
	other
charges, fees and premium tax deducted from the DCA Fixed Accounts. 

 
 

TRANSFERS    
    

        Transfers into a DCA Fixed Account are not permitted. Dollar cost averaging transfers into 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. 

 
 

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
	

 	

/s/  DEBORAH J. LONG      
 Deborah J. Long

Secretary

2

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Exhibit 4(o)

DCA FIXED ACCOUNTS ENDORSEMENT

DEFINITIONS

GUARANTEED ACCOUNT

TRANSFERS

SURRENDERS

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