Protective Life Corporation and its subsidiaries provide financial security through insurance and investment products to individuals and families across the United States. Life insurance products are marketed through the Life and Annuity Division and West Coast Life Division and under the banners of three companies: Protective Life Insurance Company, West Coast Life Insurance Company, and Protective Life and Annuity Insurance Company. Descriptions of product categories include: 1) Fixed Annuity: A fixed annuity provides defined growth of principal and interest, free from taxes until money is withdrawn. Fixed annuities generally guarantee a fixed amount of interest for several years; others guarantee rates from one to three years, and renew at the option of the insurance company. 2) Variable Annuity: Variable annuities are designed for people willing to take more risk with their money in exchange for greater growth potential. While there is more risk associated with a variable annuity, many variable annuities offer guarantees of principal and downside protection at an additional cost (depending on contract rider availability). However, these guarantees do not apply to the investment performance or safety of amounts held in the variable investment options. 3) Fixed-Index Annuity: Unlike a traditional fixed annuity where the insurance company sets the interest rate, an indexed annuity credits interest based partly on the upward movement of a major-market stock index. 4) Term Life Insurance: Term life policies pay only a death benefit and build no cash values. The coverage lasts only as long as the policy stipulates (e.g., 5, 10, 15, or 20 years). 5) Immediate Income Annuity: An income annuity, also known as an immediate annuity or payout annuity, ensures an income source for a lifetime. It's purchased with a single premium payment and an individual's income payments typically begin in a month; he/she can defer the first payment for up to a year. Payments will continue as long as one lives or for a guaranteed period of time that a customer selects.

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