Exhibit 99.1

Pricing Supplement No. · Dated:	Rule 424(b)(·)
(To Prospectus Dated                , 200       , and	File No. ·
Prospectus Supplement dated           , 200     )
Pricing Supplement No.
This Pricing Supplement consists of · pages

Protective Life Insurance Company

Sponsor and Depositor

InterNotes®

Issued Through

Protective Life Secured Trust ·

1.             The Notes

Trade Date:                                                  

Original Issue Date:                                          

Minimum Denominations/Increments: $                          

CUSIP PRINCIPAL
AMOUNT PRICE
TO PUBLIC CONCESSION NET
PROCEEDS
TO THE
TRUST INTEREST
RATE

INTEREST
PAYMENT
FREQUENCY STATED
MATURITY
DATE SURVIVOR’S
OPTION REDEMPTION
YES/NO REPAYMENT
YES/NO

SECURITIES EXCHANGE
LISTING
YES/NO FUNDING
AGREEMENT NO.

Terms of Survivor’s Option:

1

Annual Put Limitation:	¨ $2,000,000 or 2%; or
	¨ $                or     %
Individual Put Limitation:	¨ $250,000; or
	¨ $

Trust Put Limitation: $

Optional Redemption Terms:

Optional Redemption Dates:

Initial Redemption Percentage:

Annual Percentage Reduction (if any):

Redemption:	¨ In whole only and not in part
	¨ May be in whole or in part

Optional Repayment Terms:

Optional Repayment Dates:

Optional Repayment:	¨ In whole only and not in part
	¨ May be in whole or in part

Form of trust: ¨ Delaware statutory trust      ¨ Delaware common law trust

Trust Expiration Date:

Special Tax Considerations:                                          

Rating of Notes:         S&P                   Moody’s                    

Securities Exchange Listing:         ¨ No           ¨ Yes, Name of Exchange:

Additional Terms:

Agents:

2.             The Funding Agreement(s)

Funding Agreement Issuer: Protective Life Insurance Company

Deposit Amount:

Effective Date:

Interest Rate:

Interest Payment Frequency:

Stated Maturity Date:

Survivor’s Option:  ¨ Yes        ¨ No

If yes:

Annual Put Limitation:	¨ $2,000,000 or 2%; or
	¨ $                or     %
Individual Put Limitation:	¨ $250,000; or
	¨ $
Trust Put Limitation: $

Redemption:        ¨ Yes             ¨ No

Early Redemption Dates:

2

Initial Redemption Percentage:
Annual Percentage Reduction (if any):
Redemption:	¨ In whole only and not in part
	¨ May be in whole or in part

Repayment:   ¨ Yes               ¨ No

Repayment Dates:
Repayment:	¨ In whole only and not in part
	¨ May be in whole or in part

Rating of Funding Agreement:  S&P                    Moody’s                       

Additional Terms:

3.     Other Information

Rating of Program:  S&P                Moody’s                  

Protective Life Insurance Company Insurer Financial Strength Rating:  S&P          Moody’s        

Protective Securities, a division of ProEquities, Inc. and an affiliate of Protective Life Insurance Company, is acting as an agent in connection with this offering.

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