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EXHIBIT 4.(l)  

  

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

  
 

    RESIDUAL DEATH BENEFIT ENDORSEMENT    
  

        The Company has issued this endorsement as a part of the policy to which it is attached ("the Policy"). 

        Notwithstanding
any provision in the Policy to the contrary, in the event this endorsement is in force and as of the date all of the following conditions are met ("RDB Effective Date"): 

	(1)
	The
Policy has been in force at least twenty (20) Policy Years;

	(2)
	The
Insured's Attained Age is at least sixty-five (65);

	(3)
	The
Policy Debt is at least ninety-nine (99) percent of the Cash Value; and

	(4)
	The
Policy Debt is greater than the Face Amount, 

any
riders attached to the Policy shall terminate, any Variable Account Value shall be transferred to the Fixed Account and the Level Death Benefit or Increasing Death Benefit defined under the Policy
shall be deemed to mean the following: 

        Level
Death Benefit—The Death Benefit shall be the greater of: 

	(a)
	The
Face Amount of insurance on the Insured's date of death;

	(b)
	a
specified percentage of the greater of the Policy Debt or Policy Value on the date of the Insured's death as indicated on the Table of Percentages shown in the Death Benefit
provision; or

	(c)
	The
Policy Debt on the Insured's date of death plus ten thousand dollars ($10,000). 

        Increasing
Death Benefit—The Death Benefit shall be the greater of: 

	(a)
	the
Face Amount of insurance on the Insured's date of death plus the Policy Value on such date;

	(b)
	a
specified percentage of the greater of the Policy Debt or Policy Value on the Insured's date of death as indicated on the Table of Percentages shown in the Death Benefit provision;
or

	(c)
	The
Policy Debt on the Insured's date of death plus ten thousand dollars ($10,000). 

        As
of the RDB Effective Date, the Company shall no longer allow any: 

	(a)
	Premium
payments;

	(b)
	Withdrawals;

	(c)
	Policy
Loans;

	(d)
	Face
Amount changes; or

	(e)
	Death
Benefit Option changes. 

        In
addition, as of the RDB Effective Date, the Policy will not Lapse as of any Monthly Anniversary Day if and only if conditions (1) through (4) described above are met as
of such Day. 

        Termination of Endorsement.    This endorsement shall terminate if the Policy terminates. Signed for the Company as of the
Policy Effective Date. 

	 	 	PROTECTIVE LIFE INSURANCE COMPANY
	

 	
 	

/s/  DEBORAH J. LONG      
 Secretary

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RESIDUAL DEATH BENEFIT ENDORSEMENTEXHIBIT 4.(m)(2)  

  

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

 POLICY LOAN ENDORSEMENT  

        The Company has issued this endorsement as a part of the Policy to which it is attached, "the Policy". This endorsement changes provisions of the Policy. 

        The
Policy is amended as follows: 

	1.
	The
provision entitled "Policy Loans" shall be deleted in its entirety, and in its place the following provision shall be substituted: 

POLICY LOANS  

        Right to Make Loans, Policy Debt.    A loan can be made prior to the Insured's death and while the Policy is in force and the
Policy has Surrender Value greater than zero. A loan can be a standard loan or a carryover loan. After the first Policy Anniversary, standard loans can be made on the Policy. However, the Policy must
be properly assigned to the Company before any policy loan is made. No other collateral is needed. Any policy loan must be for at least a minimum loan amount of $500. The Company may delay making any
policy loan from the Fixed Account for up to six months. The Company refers to all outstanding loans plus accrued interest as Policy Debt. 

        Maximum Loan.    The most the Owner can borrow is an amount that equals 90% of the Cash Value of the Policy minus any Policy
Debt on the date the policy loan request is received. 

        Carryover Loan.    An initial carryover loan is a loan on the Policy the amount of which must (a) be transferred from
another policy that is exchanged for the Policy such that the exchange qualifies under Section 1035 of the Internal Revenue Code, as amended, or its successor and (b) be approved by the
Company. Additional carryover loans are loans on the Policy made to cover carryover loan interest. 

        Standard Loan.    A standard loan is any loan that is not a carryover loan. 

        Interest.    The maximum interest charged on standard and carryover loans is at an effective annual rate shown in item 3 below,
compounded yearly on the Policy Anniversary. Interest payments are due for the prior Policy Year on each Policy Anniversary. If interest on a standard loan is not paid when due, it will be added to
the standard loan portion of the Policy Debt and will bear interest at the rate payable on a standard loan. If interest on a carryover loan is not paid when due, it will be added to the carryover loan
portion of the Policy Debt and will bear interest at the rate payable on a carryover loan. Interest is charged in arrears from the date of the policy loan. Interest, as it accrues from day to day, is
considered part of the Policy Debt. 

        Collateral.    When a policy loan is made, an amount sufficient to secure the policy loan is transferred out of the
Sub-Account(s) and the Fixed Account and into the Policy's Loan Account. The Owner can specify, on a standard loan, how to allocate the amount to be transferred to the Loan Account as
collateral from among the Sub-Account(s) and the Fixed Account. If an allocation is not specified, the amount will be allocated in the same proportion that the value of the Owner's Fixed
Account and the value of the Owner's Sub-Account(s) bear to the total Unloaned Policy Value on the date the policy loan is made. An amount equal to any unpaid policy loan interest will
also be transferred on each Policy Anniversary to the Loan Account. The Company will allocate the unpaid interest based on the proportion that the value of the Owner's Fixed Account and the value of
the 

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Owner's Sub-Account(s) bear to the total Unloaned Policy Value. The Loan Account Value will be recalculated (1) when Policy interest is added to the amount of the loan,
(2) when a loan repayment is made, or (3) when a new policy loan is made. 

        The
Company will credit the Loan Account with interest at an effective annual rate of not less than the Guaranteed Interest Rate for the Fixed Account shown on the Policy Specifications
Page. The Company will determine such rate in advance of each calendar year. This rate will apply to the calendar year which follows the date of determination. On each Policy Anniversary, the interest
earned on the Loan Account since the preceding Policy Anniversary will be transferred to the Sub-Account(s) and the Fixed Account. The interest will be transferred to the
Sub-Account(s) and the Fixed Account in the same proportion that premium payments are allocated. 

        If
the Loan Account Value exceeds the Cash Value, the Owner must pay the excess. The Company will send the Owner a notice of the amount the Owner must pay. This amount must be paid
within 31 days after the notice is sent, or the Policy will Lapse. The Company will send the notice to the Owner and to any assignee of record. 

        Repaying Policy Debt.    Policy Debt can be repaid in part or in full any time prior to the Insured's death and while the Policy
is in force. After the Policy Effective Date, any Policy Debt repayment will first reduce the standard loan portion of the Policy Debt until all standard loan Policy Debt has been repaid. After the
standard loan Policy Debt has been repaid, any Policy Debt repayment will reduce the carryover loan portion of the Policy Debt. When a loan repayment is made, Policy Value in the Loan Account in an
amount equal to that payment will be transferred to the Sub-Account(s) and the Fixed Account. The Owner may tell the Company how to allocate this transfer among the
Sub-Account(s) and the Fixed Account. If no allocation is specified, the Company will allocate that amount among the Sub-Account(s) and the Fixed Account in the same proportion
that premium payments are allocated. 

	2.
	The
following definition shall be added to the "Definitions" section of the Policy: 

        Unloaned Policy Value.    The Unloaned Policy Value is the sum of the Variable Account Value and the Fixed Account Value, minus
any Policy Debt. 

	3.
	The
provision entitled "Loan Interest Rate" or "Maximum Loan Interest Rate" on the Policy Specifications Page shall be deleted in its entirety, and in its place the following provision
shall be substituted: 

        Maximum Loan Interest Rate.    In the first 10 Policy Years, the maximum annual interest rate charged on any carryover loan will
be @@@@@@ and the maximum annual interest rate charged on any standard loan will be @@@@@@ . For Policy Years 11 and after, the maximum annual interest rate charged on any policy loan will be
[3.00%-8.00%]. 

        Signed
for the Company as of the Policy Effective Date of the Policy. 

	 	 	PROTECTIVE LIFE INSURANCE COMPANY
	

 	
 	

/s/  DEBORAH J. LONG      
 Secretary

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Exhibit 4.(l)    
  

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

  
 

    FLEXIBLE COVERAGE TERM RIDER    
  

        The Company has issued this rider as part of the policy to which it is attached (the policy). It is issued in return for
the application and the payment of the Cost of Insurance for this rider. The Cost of Insurance for this rider is payable at the same time and in the same manner as the cost of insurance for the
policy. The provisions of the policy apply to this rider except for those that disagree with this rider. 

        Covered Insured.    Covered Insured means each person so named for this
rider in an application or supplemental application, if approved by the Company. 

        Policy Schedule.    Policy Schedule means the original Policy Schedule or
Policy Specifications Page, or any supplemental Policy Schedule or supplemental Policy Specifications Page. 

        Cost of Insurance.    The monthly Cost of Insurance for each Covered
Insured is equal to (a), multiplied by (b), where: 

	(a)
	is
the monthly Cost of Insurance rate for such Covered Insured based on the attained age, sex and rate class of such Covered Insured, and the Effective
Date of Coverage on such Covered Insured. The rates will be determined by the Company, based on the Company's expectations as to future mortality, persistency, investment yields, taxes and expenses,
but cannot exceed those in the Table of Guaranteed Maximum Insurance Rates for such Covered Insured as shown in the Policy Schedule.
        

	(b)
	is
the Benefit Amount of this rider for such Covered Insured as shown in the Policy Schedule divided by $1,000. 

        Death Benefit.    The Death Benefit for each Covered Insured shall be the
Benefit Amount of this rider for such Covered Insured as shown in the Policy Schedule. The Company agrees to pay the Death Benefit upon receipt of due proof of the death of the Covered Insured. The
Covered Insured's death must occur while this rider and coverage are in force. Payment is subject to the provisions of the policy and this rider. 

        Beneficiary.    The Beneficiary will be as designated in the application
unless changed as provided in the policy. 

        Changes in Coverage.    At any time after the first policy year, the Owner
can request an increase or decrease in the Benefit Amount of this rider for any Covered Insured. The Owner's request must be received in writing at the Company's Home Office and is subject to the
following conditions: 

	1.
	The
Owner must submit a supplemental application for an increase in Benefit Amount. The Company requires proof of insurability satisfactory to the
Company. The amount of any increase must be at least equal to the Minimum Benefit Increase Amount shown in the Policy Schedule. The effective date for any increase approved by the Company will be
shown in the Policy Schedule. Any increase will be subject to deduction of the Cost of Insurance for the increase from the cash value of the policy.
                

	2.
	Any
decrease will go into effect on the monthly anniversary date that falls on or next follows receipt of the request. The decrease will first be applied
against increases in the Benefit Amount in the reverse order in which they occurred. It will then be applied against the Benefit Amount provided under the original application. The Company reserves
the 

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right to prohibit any decrease for three years following an increase, and for one year following the last decrease. Furthermore, the Benefit Amount remaining in effect after any decrease cannot be
less than the Minimum Benefit Amount shown in the Policy Schedule. 

        Effective Date of Coverage.    The effective date of the coverage under
this rider shall be as follows: 

	1.
	The
Date of Issue or Policy Effective Date, if applicable, shall be the effective date for all coverage provided in the original application.
                

	2.
	For
any coverage applied for by supplemental application, the effective date shall be the date the Company approves the supplemental application.
                

	3.
	For
any coverage that has been reinstated, the effective date shall be the date the Company approves the reinstatement. 

        Misstatement of Age or Sex.    Questions in the application concern each
Covered Insured's date of birth and sex. If the answers to these questions are not correct for a Covered Insured, the Death Benefit for such Covered Insured will be adjusted in accordance with the
Misstatement of Age or Sex section of the policy. 

        Suicide.    If any Covered Insured commits suicide while sane or insane
within two years from the Effective Date of Coverage, the Company's total liability with respect to such Covered Insured shall be limited to the aggregate Cost of Insurance deducted under this rider
for such Covered Insured. 

        If
any Covered Insured commits suicide while sane or insane within two years from the effective date of any increase in Benefit Amount, the Company's total liability with respect to such
increase shall be limited to the aggregate Cost of Insurance deducted for such increase. 

        Contestability.    The contestability limitation contained in the policy
applies to claims under this rider. The period of contestability will be measured from the Effective Date of Coverage. 

        Termination.    The Owner may terminate this rider or coverage on any
Covered Insured at any time by written request to the Company. Termination shall occur on the monthly anniversary day that falls on or next follows the date the request is received by the Company.
This rider shall immediately terminate when the policy is terminated or when the policy value minus any policy debt of the policy is less than or equal to zero. Coverage on any Covered Insured shall
immediately terminate when such person attains age 100. 

        Values.    This rider has no cash or loan values. 

        Reserves.    The reserve basis for this rider is the same as the reserve
basis for the policy. 

        Signed
for the Company as of the Effective Date of Coverage. 

PROTECTIVE
LIFE INSURANCE COMPANY 

ABCDEF  

Secretary 

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Exhibit 4.(l)

FLEXIBLE COVERAGE TERM RIDER

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