09/17/2025 | Press release | Distributed by Public on 09/17/2025 10:26
As Filed with the Securities and Exchange Commission on September 17, 2025
Registration File No. 333-267465
811-07337
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM N-6
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ☒
Pre-Effective Amendment No. ☐
Post-Effective Amendment No. 10 ☒
and
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 ☒
Amendment No. 128 ☒
(Check appropriate box or boxes)
Protective Variable Life Separate Account
(Exact name of registrant)
Protective Life Insurance Company
(Name of depositor)
2801 Highway 280 South
Birmingham, Alabama 35223
(Address of depositor's principal executive offices)
(800) 265-1545
Depositor's Telephone Number, including Area Code
BRANDON J. CAGE, Esq.
2801 Highway 280 South
Birmingham, Alabama 35223
(Name and address of agent for service)
Copy to:
STEPHEN E. ROTH, Esquire
THOMAS E. BISSET, Esquire
Eversheds Sutherland (US) LLP
700 Sixth Street, N.W., Suite 700
Washington, DC 20001-3980
It is proposed that this filing will become effective (check appropriate box):
☐ immediately upon filing pursuant to paragraph (b) of Rule 485
☒ on September 29, 2025 pursuant to paragraph (b) of Rule 485
☐ 60 days after filing pursuant to paragraph (a)(1) of Rule 485
☐ on _____________ pursuant to paragraph (a)(1) of Rule 485
Title of Securities Being Registered: Interests in Individual
Flexible Premium Variable and Fixed Life Insurance Policies
Supplement dated September 29, 2025, to the Prospectus dated May 1, 2025, for
Protective Investors Benefit Advisory VUL variable life policies
issued by Protective Life Insurance Company
Protective Variable Life Separate Account
This Supplement amends certain information in your variable universal life policy Prospectus. Please read this Supplement carefully and keep it with your Prospectus for future reference. You may obtain a current prospectus by visiting www.protective.com/productprospectus or by calling 1-800-265-1545.
The purpose of this Supplement is to make certain fee changes that only apply to Policies with an application signed on or after October 13, 2025. These changes do not apply to Policies issued in California unless otherwise indicated below.
All references throughout the Prospectus to the guaranteed interest credited to the Loan Account are hereby amended to reflect that for Policies with applications signed on or after October 13, 2025, the guaranteed credited interest rate is no less than 3.00% (1.00% for Policies issued in CA).
The Premium Expense Charge sections in the FEE TABLE -Transaction Fees section is amended to include the following:
Charge |
When Charge is Deducted |
Amount Deducted - Maximum Guaranteed Charge |
Amount Deducted - Current Charge |
Premium Expense Charge (for Policies with an application signed on or after October 13, 2025): |
Upon receipt of each premium payment |
5% | 2% |
The Cost of Insurance, Standard Administrative Fee, Administrative Charge, Administrative Charge For Face Amount Increases, Net Cost of Loans, and ExtendCare Rider sections in the FEE TABLE - Periodic Charges Other Than Fund Operating Expenses section are amended to include the following:
Charge |
When Charge is Deducted |
Amount Deducted - Maximum Guaranteed Charge |
Amount Deducted - Current Charge |
Cost of Insurance (for Policies with an application signed on or after October 13, 2025):(1)(2) |
|||
Minimum and Maximum Charge | On the Policy Effective Date and each Monthly Anniversary Day | $0.01 - $83.33 per $1,000 of Net Amount at Risk(2) | $0.01 - $70.46 per $1,000 of Net Amount at Risk(2) |
Charge for a 49 year old male in the nontobacco rate class during the first Policy Year with a Face Amount of $100,000. | On the Policy Effective Date and each Monthly Anniversary Day | $0.18 per $1,000 of Net Amount at Risk | $0.04 per $1,000 of Net Amount at Risk |
Standard Administrative Fee (for Polices with an application signed on or after October 13, 2025): | On the Policy Effective Date and each Monthly Anniversary Day | $9.00 | $9.00 |
(1) | Cost of insurance charges vary based on individual characteristics such as the Insured's Issue Age, sex and rate (i.e., underwriting) class and the number of years that the Policy has been in force, Face Amount (for Policies with an application signed on or after February 1, 2024), and the Net Amount at Risk on either the Policy Effective Date or the applicable Monthly Anniversary Date. The charge generally increases with Issue Age. In determining current cost of insurance charges, we may consider a variety of factors, including those unrelated to mortality experience. The cost of insurance charges shown in the table may not be typical of the charges you will pay. Your Policy's specification page will indicate the guaranteed cost of insurance charges applicable to your Policy, and more detailed information concerning your cost of insurance charges is available on request from our Home Office. Also, before you purchase the Policy, you may request personalized illustrations of hypothetical future benefits under the Policy based upon the Issue Age, sex and rate classification of the Insured, and the Face Amount, planned premiums, and riders requested. The cost of insurance charge shown in the above table has been rounded to the nearest hundredth. See "Charges and Deductions-Monthly Deduction". |
(2) | See definition of Net Amount at Risk in Special Terms. |
Charge |
When Charge is Deducted |
Amount Deducted - Maximum Guaranteed Charge |
Amount Deducted - Current Charge |
Administrative Charge (for Policies with an application signed on or after October 13, 2025):(3)
|
|||
Minimum and Maximum Charge | On the Policy Effective Date and each Monthly Anniversary Day | $0.10 - $3.75 per $1,000 of Initial Face Amount |
$0.10 - $3.41 per $1,000 of Initial Face Amount during the first 2 Policy Years and $0.04 - $1.36 per $1,000 of Initial Face Amount thereafter |
Charge for a 49 year old male in the nontobacco rate class with a Face Amount of $100,000. | On the Policy Effective Date and each Monthly Anniversary Day | $0.89 per $1,000 of Initial Face Amount |
$0.81 per $1,000 of Initial Face Amount during the first 2 Policy Years and $0.33 per $1,000 of Initial Face Amount thereafter |
Administrative Charge For Face Amount Increases (for Policies with an application signed on or after October 13, 2025):(4) | |||
Minimum and Maximum Charge | On the Effective Date of the increase and the subsequent 11 Monthly Anniversary Days | $0.75 - $4.95 per $1,000 of any increase in Face Amount | $0.75 - $4.95 per $1,000 of any increase in Face Amount |
Charge for a 49 year old male in the nontobacco rate class | On the Effective Date of the increase and the subsequent 11 Monthly Anniversary Days | $3.30 per $1,000 of any increase in Face Amount | $3.30 per $1,000 of any increase in Face Amount |
Net Cost of Loans (for Policies with an application signed on or after October 13, 2025)(5) | On each Policy Anniversary, as applicable(6) | 2.00% (annually) in Policy Years 1 through 10; 0.25% in Policy Years 11 and thereafter for both standard and carryover loans. | 2.00% (annually) for standard loans, 1.00% for carryover loans in Policy Years 1 through 10; 0% for all loans in Policy Years 11 and thereafter |
(3) | We call this the administrative charge in the Prospectus. The administrative charge varies based on the Insured's Issue Age, sex and rate class, and the Face Amount (for Policies with an application signed on or after February 1, 2024). For Policies with an application signed on or after October 13, 2025, the administrative charge will have a higher charge in the first 2 Policy Years compared to later Policy Years. The administrative charge shown in the table may not be typical of the charges you will pay. Your Policy's specification page will indicate the guaranteed charges applicable to your Policy, and more detailed information concerning these charges is available on request from our Home Office. |
(4) | The administrative charge for Face Amount increases varies based on the Insured's Issue Age, sex, and rate class. The administrative charge shown in the table may not be typical of the charges you will pay. Your Policy's specification page will indicate the charges applicable to your Policy, and more detailed information concerning these charges is available on request from our Home Office. |
(5) | The Net Cost of Loans is the difference between the rate of interest we charge you for a loan and the rate of interest we credit based upon the amount in your Loan Account. We charge interest daily on any outstanding loan at the following effective annual rates: (a) 5.00% for standard loans in Policy Years 1-10; (b) 4.00% current (5.00% guaranteed) for carry-over loans in Policy Years 1-10; and (c) 3.00% current (3.25% guaranteed) for all loans in Policy Years 11 and greater. We credit interest annually to the Loan Account on any outstanding loan at an effective annual interest rate of not less than 3.00% currently (1.00% guaranteed for Policies issued in CA and Policies with applications signed before October 13, 2025, and 3.00% guaranteed for Policies with applications signed on or after October 13, 2025). |
(6) | As long as a loan is outstanding, loan interest must be paid in arrears on each Policy Anniversary or, if earlier, on the date of loan repayment, Lapse, surrender, termination, or the Insured's death. |
Charge | When Charge is Deducted |
Amount Deducted - Maximum Guaranteed Charge |
Amount Deducted - Current Charge |
ExtendCare Rider (for Policies with an application signed on or after October 13, 2025):(9)
|
|||
Minimum and Maximum Charge | On the Effective Date and each Monthly Anniversary Day | $0.01 - $18.96 per $1,000 of Net Amount at Risk | $0.01 - $16.62 per $1,000 of Net Amount at Risk |
Charge for a 57 year old female in the nontobacco rate class with a Face Amount of $250,000 and monthly benefit of $10,800. | On the Effective Date and each Monthly Anniversary Day | $0.01 per $1,000 of Net Amount at Risk | $0.01 per $1,000 of Net Amount at Risk |
(9) | The charge for the ExtendCare Chronic Illness Accelerated Death Benefit Rider varies based on the Issue Age, underwriting class and sex of the Insured, the number of years that the Policy has been in force, and the Policy's Face Amount and monthly benefit (maximum monthly benefit chosen at the issuance of the Policy). The rider charge shown in the table may not be typical of the charges you will pay. Your Policy's specifications page will indicate the rider charge applicable to your Policy, and more detailed information concerning this charge is available on request from our Home Office. Not available in CA. |
The Interest Credited on Fixed Account Value section of THE COMPANY AND THE FIXED ACCOUNT section is deleted and replaced with the following:
Interest Credited on Fixed Account Value. The interest rate credited to Net Premiums allocated to or amounts transferred to the Fixed Account will be the annual effective interest rate in effect on the date that the Net Premium(s) is received by Protective Life or the date that the transfer is made. Protective Life, in its sole discretion, may declare a new current interest rate from time to time. Protective Life will credit annual effective interest rates of not less than 1.00%. For purposes of crediting interest, amounts deducted, transferred or withdrawn from the Fixed Account are accounted for on a "first-in-first-out" (FIFO) basis.
For Policies with an application signed before October 13, 2025, Protective Life guarantees that the interest credited during the first Policy Year to the initial Net Premiums allocated to the Fixed Account will not be less than the initial annual effective interest rate shown in the Policy. The interest rate is guaranteed to apply to such amounts for a twelve month period which begins on the date that the Net Premium(s) is allocated or the date that the transfer is made. After an interest rate guarantee expires as to a Net Premium or amount transferred, (i.e., 12 months after the Net Premium or transfer is placed in the Fixed Account) Protective Life will credit interest on the Fixed Account Value attributable to such Net Premium or transferred amount at the current interest rate in effect. New current interest rates are effective for such Fixed Account Value for 12 months from the time that they are first applied.
The CHARGES AND DEDUCTIONS section is amended as follows:
The Monthly Administration Fees section is amended to include the following:
Monthly Administrative Fees (for Policies with an application signed on or after October 13, 2025). We deduct a monthly administrative charge from your Policy Value to compensate us for issue and administrative costs. The monthly administrative charge is $9 per month. We also deduct a monthly administrative charge for the Initial Face Amount which is equal to a fee per $1,000 of Initial Face Amount per month while the Policy is in effect on a guaranteed basis. The administrative charge will apply for all Policy Years and will be higher in the first two Policy Years. The actual fee varies depending on the Insured's Issue Age, sex and rate classification, and Face Amount. We guarantee that the current monthly administrative charge per $1,000 of Initial Face Amount will not exceed the maximum monthly administrative charge per $1,000 of Initial Face Amount set forth in your Policy. Representative guaranteed administrative charges per $1,000 of Initial Face Amount for an Insured male non-tobacco at each specified Issue Age, and a Face Amount of $100,000 are set forth below:
For Policies with an application signed on or after October 13, 2025:
Issue Age |
Administrative Charge Per $1,000 of Initial Face Amount |
35 | $2.50 |
40 | 2.70 |
45 | 3.00 |
50 | 3.40 |
55 | 3.80 |
60 | 4.50 |
65 | 4.95 |
70 | 4.95 |
75 | 4.95 |
Effective October 13, 2025, the Administrative Fees section in the EXCHANGE PRIVILEGE section are hereby deleted and replaced with the following:
Existing Life Policy | Policy | |||
Administrative Fees | Ranges from $4 to $9 per month in all Policy Years | $9 per month in all Policy Years and a fee per $1,000 of Initial Face Amount per month that varies based on the Insured's Issue Age, sex and rate class. |
* * *
If you have any questions regarding this Supplement, please contact your financial professional or us toll free at 1-800-265-1545. Please keep this Supplement for future reference.
Prospectus
(Included in Registration's Form N-6, File No. 333-267465, Accession No. 0001104659-25-037907 filed on April 23, 2025, and incorporated by reference herein.)
SAI
(Included in Registration's Form N-6, File No. 333-267465, Accession No. 0001104659-25-037907 filed on April 23, 2025, and incorporated by reference herein.)
PART C
OTHER INFORMATION
Item 30. Exhibits
(a) Board of Directors Resolutions
(a) (1) Resolution of the Board of Directors of Protective Life Insurance Company establishing Protective Variable Life Separate Accountis incorporated herein by reference to the Form N-6 Registration Statement (File No. 333-232740), as filed with the Commission on July 19, 2019.
(b) Custodial Agreements - Not Applicable.
(c) Underwriting Contracts
(c) (1) Underwriting Agreement among Protective Life Insurance Company, Investment Distributors, Inc. and Protective Variable Life Separate Accountis incorporated herein by reference to the Form N-6 Registration Statement (File No. 333-232740), as filed with the Commission on July 19, 2019.
(c) (1) (i) Amendment No. 1 dated June 1, 1998 to the Underwriting Agreement (PLICO-IDI-PVLSA)is incorporated herein by reference to the Form N-6 Registration Statement (File No. 333-232740), filed with the Commission on July 19, 2019.
(c) (1) (ii) Second Amended Distribution Agreement dated October 24, 2013 (PLICO-IDI) is incorporated herein by reference to Post-Effective Amendment No. 1 to the Form N-4 Registration Statement (File No. 333-190294), filed with the Commission on April 25, 2014.
(c) (1) (iii) Revised Second Amended Distribution Agreement dated June 1, 2018 (PLICO-IDI) is incorporated herein by reference to Post-Effective Amendment No. 26 to the Form N-4 Registration Statement (File No. 333-112892), filed with the Commission on July 20, 2018.
(c) (1) (iv) Amendment No. 1 to the Second Amended Distribution Agreement (PLICO-IDI) is incorporated herein by reference to the Form N-4 Registration Statement (File No. 333-240102), filed with the Commission on July 27, 2020.
(c) (1) (v) Revised Schedule to Second Amended Distribution Agreement between IDI and PLICOis incorporated herein by reference to Pre-Effective Amendment No. 1 to the Form N-4 Registration Statement (File No. 333-240102), filed with the Commission on November 25, 2020.
(c) (1) (vi) Third Amended and Restated Distribution Agreement (PLICO-IDI)is incorporated herein by reference to the Post-Effective Amendment No. 6 to the Form N-4 Registration Statement (File No. 333-240192), filed with the Commission on June 9, 2025.
(c) (2) Distribution Agreement between Investment Distributors, Inc. and broker-dealersis incorporated herein by reference to the Form N-6 Registration Statement (File No. 333-232740), as filed with the Commission on July 19, 2019.
(d) Contracts
(d) (1) Protective Investors Benefit Advisory VUL Form of Contract is incorporated by reference to the Form N-6 Registration Statement (File No. 333-267465), as filed with the Commission on September 16, 2022.
(d) (2) Children's Term Life Insurance Rideris incorporated herein by reference to the Form N-6 Registration Statement (File No. 333-232740), as filed with the Commission on July 19, 2019.
C-1
(d) (3) Protected Insurability Rideris incorporated herein by reference to the Form N-6 Registration Statement (File No. 333-232740), as filed with the Commission on July 19, 2019.
(d) (4) Accidental Death Benefit Rideris incorporated herein by reference to the Form N-6 Registration Statement (File No. 333-232740), as filed with the Commission on July 19, 2019.
(d) (5) Waiver of Specified Premium Rideris incorporated herein by reference to the Form N-6 Registration Statement (File No. 333-232740), as filed with the Commission on July 19, 2019.
(d) (6) Chronic Illness Accelerated Death Benefit Rideris incorporated herein by reference to the Form N-6 Registration Statement (File No. 333-232740), as filed with the Commission on July 19, 2019.
(d) (7) Pre-Determined Death Benefit Payout Endorsementis incorporated herein by reference to the Form N-6 Registration Statement (File No. 333-232740), as filed with the Commission on July 19, 2019.
(d) (8) Overloan Protection Endorsementis incorporated herein by reference to the Form N-6 Registration Statement (File No. 333-232740), as filed with the Commission on July 19, 2019.
(d) (9) Terminal Illness Accelerated Death Benefit Endorsementis incorporated herein by reference to the Form N-6 Registration Statement (File No. 333-232740), as filed with the Commission on July 19, 2019.
(d) (10) Lapse Protection Endorsementis incorporated herein by reference to the Form N-6 Registration Statement (File No. 333-232740), as filed with the Commission on July 19, 2019.
(d) (11) ExtendCare Rideris incorporated herein by reference to the Form N-6 Registration Statement (File No. 333-232740), as filed with the Commission on July 19, 2019.
(d) (11) (i) Revised ExtendCare Rideris incorporated herein by reference to Post-Effective Amendment No. 2 to the Form N-6 Registration Statement (File No. 333-232740), as filed with the Commission on August 8, 2020.
(d)(12)Policy Value Credit Endorsement is incorporated by reference to the Form N-6 Registration Statement (File No. 333-267465), as filed with the Commission on September 16, 2022.
(e) Applications
(e) (1) Form of Variable Universal Individual Life Insurance Applicationis incorporated herein by reference to the Form N-6 Registration Statement (File No. 333-232740), as filed with the Commission on July 19, 2019.
(f) Depositor's Certificate of Incorporation and By-Laws
(f) (1) 2011 Amended and Restated Charter of Protective Life Insurance Companyis incorporated herein by reference to Post-Effective Amendment No. 8 to the Form N-4 Registration Statement (File No. 333-153041), filed with the Commission on September 16, 2011.
(f) (1) (i) 2020 Amended and Restated Charter of Protective Life Insurance Company is incorporated herein by reference to Post-Effective Amendment No. 9 to the Form N-4 Registration Statement (File No. 333-201919), filed with the Commission on February 11, 2021.
(f) (2) 2011 Amended and Restated By-laws of Protective Life Insurance Companyis incorporated herein by reference to Post-Effective Amendment No. 8 to the Form N-4 Registration Statement (File No. 333-153041), filed with the Commission on September 16, 2011.
C-2
(f) (2) (i) 2020 Amended and Restated By-laws of Protective Life Insurance Company is incorporated herein by reference to Post-Effective Amendment No. 9 to the Form N-4 Registration Statement (File No. 333-201919), filed with the Commission on February 11, 2021.
(g) Reinsurance Contracts
(g) (1) Automatic and Facultative Yearly Renewable Term Agreementis incorporated herein by reference to Post-Effective Amendment No. 7 to the Form N-6 Registration Statement (File No. 333-52215), filed with the Commission on April 30, 2003.
(g) (2) Yearly Renewable Term Reinsurance Agreementis incorporated herein by reference to Post-Effective Amendment No. 17 to the Form N-6 Registration Statement (333-52215) as filed with the Commission on April 27, 2009.
(g) (3) List of Reinsurersis incorporated herein by reference to Post-Effective Amendment No. 9 to the Form N-6 Registration Statement (333-206951), filed with the Commission on April 25, 2019.
(h) Participation Agreements
(h) (1) Participation Agreement dated April 11, 2007 (Fidelity Variable Insurance Products) is incorporated herein by reference to Pre-Effective Amendment No. 2 to the Form N-4 Registration Statement (File No. 333-240192), filed with the Commission on November 25, 2020.
(h) (1) (i) Rule 22c-2 Shareholder Information Agreement (Fidelity Variable Insurance Products) is incorporated herein by reference to Post-Effective Amendment No. 17 to the Form N-4 Registration Statement (File No. 33-70984), filed with the Commission on April 27, 2007.
(h) (1) (ii) Amendment dated October 15, 2020 to Participation Agreement (Fidelity Variable Insurance Products) is incorporated herein by reference to Pre-Effective Amendment No. 2 to the Form N-4 Registration Statement (File No. 333-240192), filed with the Commission on November 25, 2020.
(h) (1) (iii) Amendment dated October 11, 2021 to Participation Agreement (Fidelity Variable Insurance Products) is incorporated herein by reference to the Form N-4 Registration Statement (File No. 333-261426), filed with the Commission on November 30, 2021.
(h) (1) (iv) Amendment dated March 10, 2022 to Participation Agreement (Fidelity Variable Insurance Products) is incorporated herein by reference to Post-Effective Amendment No. 2 to the Form N-4 Registration Statement (File No. 333-240102), filed with the Commission on April 15, 2022.
(h) (1) (v) Amendment dated December 15, 2022 to Participation Agreement (Fidelity Variable Insurance Products)is incorporated herein by reference to Post-Effective Amendment No. 1 to the Form N-6 Registration Statement (File No. 333-267465), filed with the Commission on April 25, 2023.
(h) (2) Participation Agreement dated April 30, 2002 (Lord Abbett Series Fund)is incorporated herein by reference to Post-Effective Amendment No. 3 to the Form N-4 Registration Statement (File No. 333-94047), filed with the Commission on April 25, 2002.
(h) (2) (i) Rule 22c-2 Shareholder Information Agreement (Lord Abbett Series Fund) is incorporated herein by reference to Post-Effective Amendment No. 17 to the Form N-4 Registration Statement (File No. 33-70984), filed with the Commission on April 27, 2007.
(h) (2) (ii) Amendment dated April 28, 2022 (Lord Abbett Series Fund)is incorporated herein by reference to Pre-Effective Amendment No. 2 to the N-4 Registration Statement (File No. 333-261426), filed July 5, 2022.
C-3
(h) (3) Participation Agreement dated December 19, 2003 (Goldman Sachs Variable Insurance Trust)is incorporated herein by reference to the Form N-4 Registration Statement (File No. 333-112892), filed with the Commission on February 17, 2004.
(h) (3) (i) Rule 22c-2 Shareholder Information Agreement dated April 11, 2007 (Goldman Sachs Variable Insurance Trust) is incorporated herein by reference to Post-Effective Amendment No. 17 to the Form N-4 Registration Statement (File No. 33-70984), filed with the Commission on April 27, 2007.
(h) (3) (ii) Amendment dated April 12, 2011 to Participation Agreement re Summary Prospectus (Goldman Sachs Variable Insurance Trust)is incorporated herein by reference to Post-Effective Amendment No. 19 to the Form N-4 Registration Statement (File No. 333-113070), filed with the Commission on April 25, 2011.
(h) (3) (iii) Amendment dated December 22, 2020 to Participation Agreement (Goldman Sachs Variable Insurance Trust) is incorporated herein by reference to Post-Effective Amendment No. 1 to the Form N-4 Registration Statement (File No. 333-240192), filed with the Commission on April 16, 2021.
(h) (3) (iv) Amendment dated April 12, 2021 to Participation Agreement (Goldman Sachs Variable Insurance Trust) is incorporated herein by reference to Post-Effective Amendment No. 1 to the Form N-4 Registration Statement (File No. 333-240192), filed with the Commission on April 16, 2021.
(h) (3) (v) Amendment dated March 24, 2022 to Participation Agreement (Goldman Sachs Variable Insurance Trust) is incorporated herein by reference to Post-Effective Amendment No. 2 to the Form N-4 Registration Statement (File No. 333-240102), filed with the Commission on April 15, 2022.
(h) (3) (vi) Amendment dated December 15, 2022 to Participation Agreement (Goldman Sachs Variable Insurance Trust) is incorporated herein by reference to Pre-Effective Amendment No. 1 to the Form N-6 Registration Statement (File No. 333-267465), filed with the Commission on April 25, 2023.
(h) (3) (vii) Amendment dated April 23, 2024 to Participation Agreement (Goldman Sachs Variable Insurance Trust)- is incorporated herein by reference to Post-Effective Amendment No. 7 to the Form N-6 Registration Statement (File No. 333-267465), filed with the Commission on April 23, 2025.
(h) (4) Participation Agreement dated February 1, 2015 (Franklin Templeton Variable Insurance Products Trust) is incorporated herein by reference to Post-Effective Amendment No. 12 to the Form N-4 Registration Statement (File No. 333-190294), as filed with the Commission on April 28, 2021.
(h) (4) (i) Rule 22c-2 Shareholder Information Agreement (Franklin Templeton Variable Insurance Products Trust)is incorporated herein by reference to Post-Effective Amendment No. 17 to the Form N-4 Registration Statement (File No. 33-70984), filed with the Commission on April 27, 2007.
(h) (4) (ii) Participation Agreement dated November 30, 2020 (Franklin Templeton Variable Insurance Products Trust) is incorporated herein by reference to Post-Effective Amendment No. 9 to the Form N-4 Registration Statement (File No. 333-201919), filed with the Commission on February 11, 2021.
(h) (4) (iii) Addendum dated November 30, 2020 to Participation Agreement (Franklin Templeton Variable Insurance Products Trust) is incorporated herein by reference to Post-Effective Amendment No. 9 to the Form N-4 Registration Statement (File No. 333-201919), filed with the Commission on February 11, 2021.
(h) (4) (iv) Amendment dated March 31, 2021 to Participation Agreement (Franklin Templeton Variable Insurance Products Trust)is incorporated herein by reference to Post-Effective Amendment No. 1 to the Form N-4 Registration Statement (File No. 333-240192), filed with the Commission on April 16, 2021.
(h) (4) (v) Amendment dated April 1, 2022 to Participation Agreement (Franklin Templeton Variable Insurance Products Trust) is incorporated herein by reference to Pre-Effective Amendment No. 2 to the N-4 Registration Statement (File No. 333-261426), filed July 5, 2022.
C-4
(h) (4) (vi) Amendment dated November 1, 2022 to Participation Agreement (Franklin Templeton Variable Insurance Products Trust)is incorporated herein by reference to Post-Effective Amendment No. 1 to the Form N-6 Registration Statement (File No. 333-267465), filed with the Commission on April 25, 2023.
(h) (5) Participation Agreement dated November 1, 2009 (Legg Mason)is incorporated herein by reference to Post-Effective Amendment No. 15 to the Form N-4 Registration Statement (File No. 333-113070), filed with the Commission on October 28, 2009.
(h) (5) (i) Amendment dated April 11, 2014 to Participation Agreement (Legg Mason) is incorporated herein by reference to Pre-Effective Amendment No. 2 to the Form N-4 Registration Statement (File No. 333-240192), filed with the Commission on November 25, 2020.
(h) (5) (ii) Amendment dated September 10, 2019 to Participation Agreement (Legg Mason) is incorporated herein by reference to Pre-Effective Amendment No. 2 to the Form N-4 Registration Statement (File No. 333-240192), filed with the Commission on November 25, 2020.
(h) (5) (iii) Amendment dated August 11, 2020 to Participation Agreement (Legg Mason) is incorporated herein by reference to Pre-Effective Amendment No. 2 to the Form N-4 Registration Statement (File No. 333-240192), filed with the Commission on November 25, 2020.
(h) (5) (iv) Amendment dated November 30, 2020 to Participation Agreement (Legg Mason) is incorporated herein by reference to Pre-Effective Amendment No. 1 to the Form N-6 Registration Statement (File No. 333-248236), filed with the Commission on December 16, 2020.
(h) (5) (v) Amendment dated April 7, 2021 to Participation Agreement (Legg Mason)is incorporated herein by reference to Post-Effective Amendment No. 1 to the Form N-4 Registration Statement (File No. 333-240192), filed with the Commission on April 16, 2021.
(h) (5) (vi) Amendment dated October 26, 2022 to Participation Agreement (Legg Mason) is incorporated herein by reference to Pre-Effective Amendment No. 1 to the Form N-4 Registration Statement (File No. 333-267354), filed with the Commission on December 15, 2022.
(h) (6) Participation Agreement dated November 1, 2009 (PIMCO Variable Insurance Trust)is incorporated herein by reference to Post-Effective Amendment No. 15 to the Form N-4 Registration Statement (File No. 333-113070), filed with the Commission on October 28, 2009.
(h) (6) (i) Novation of and Amendment dated April 25, 2011 to Participation Agreement (PIMCO Variable Insurance Trust) is incorporated herein by reference to Pre-Effective Amendment No. 2 to the Form N-4 Registration Statement (File No. 333-240192), filed with the Commission on November 25, 2020.
(h) (6) (ii) Amendment dated April 25, 2011 to Participation Agreement re Summary Prospectuses (PIMCO Variable Insurance Trust) is incorporated herein by reference to Pre-Effective Amendment No. 2 to the Form N-4 Registration Statement (File No. 333-240192), filed with the Commission on November 25, 2020.
(h) (6) (iii) Amendment dated September 1, 2020 to Participation Agreement (PIMCO Variable Insurance Trust) is incorporated herein by reference to Pre-Effective Amendment No. 1 to the Form N-6 Registration Statement (File No. 333-248236), filed with the Commission on December 16, 2020.
(h) (6) (iv) Amendment dated April 2, 2021 to Participation Agreement (PIMCO Variable Insurance Trust)is incorporated herein by reference to Post-Effective Amendment No. 1 to the Form N-4 Registration Statement (File No. 333-240192), filed with the Commission on April 16, 2021.
(h) (6) (v) Amendment dated August 9, 2022 to Participation Agreement (PIMCO Variable Insurance Trust) is incorporated herein by reference to the Form N-4 Registration Statement (File No. 333-267354), filed with the Commission on September 9, 2022.
C-5
(h) (7) Participation Agreement dated November 1, 2009 (Royce Capital)is incorporated herein by reference to Post-Effective Amendment No. 15 to the Form N-4 Registration Statement (File No. 333-113070), filed with the Commission on October 28, 2009.
(h) (7) (i) Rule 22c-2 Information Sharing Agreement (Royce Capital)is incorporated herein by reference to Post-Effective Amendment No. 15 to the Form N-4 Registration Statement (File No. 333-113070), filed with the Commission on October 28, 2009.
(h) (7) (ii) Amendment dated November 30, 2020 to Participation Agreement (Royce Capital) is incorporated herein by reference to Post-Effective Amendment No. 9 to the Form N-4 Registration Statement (File No. 333-201919), filed with the Commission on February 11, 2021.
(h) (7) (iii) Amendment dated August 10, 2022 to Participation Agreement (Royce Capital)is incorporated herein by reference to Post-Effective Amendment No. 1 to the Form N-6 Registration Statement (File No. 333-267465), filed with the Commission on April 25, 2023.
(h) (8) Participation Agreement dated February 1, 2015 (AIM-Invesco Variable Insurance Funds) is incorporated herein by reference to Pre-Effective Amendment No. 2 to the Form N-4 Registration Statement (File No. 333-240192), filed with the Commission on November 25, 2020.
(h) (8) (i) Rule 22c-2 Agreement (AIM-Invesco Variable Insurance Funds) is incorporated herein by reference to Post-Effective Amendment No. 12 to the Form N-4 Registration Statement (File No. 333-179649), as filed with the Commission on August 24, 2016.
(h) (8) (ii) Amendment dated March 22, 2022 to Participation Agreement (AIM-Invesco Variable Insurance Funds) is incorporated herein by reference to Pre-Effective Amendment No. 2 to the N-4 Registration Statement (File No. 333-261426), filed with the Commission on July 5, 2022.
(h) (9) Participation Agreement dated June 18, 2015 (American Funds) is incorporated herein by reference to Pre-Effective Amendment No. 2 to the Form N-4 Registration Statement (File No. 333-240192), filed with the Commission on November 25, 2020.
(h) (9) (i) Rule 22c-2 Shareholder Information Agreement (American Funds)is incorporated herein by reference to Post-Effective Amendment No. 11 to the Form N-4 Registration Statement (File No. 333-113070), filed with the Commission on April 30, 2008.
(h) (9) (ii) Amendment dated October 1, 2019 to Participation Agreement (American Funds) is incorporated herein by reference to Pre-Effective Amendment No. 2 to the Form N-4 Registration Statement (File No. 333-240192), filed with the Commission on November 25, 2020.
(h) (9) (iii) Amendment dated November 25, 2020 to Participation Agreement (American Funds) is incorporated herein by reference to Pre-Effective Amendment No. 1 to the Form N-6 Registration Statement (File No. 333-248236), filed with the Commission on December 16, 2020.
(h) (9) (iv) Amendment dated March 22, 2021 to Participation Agreement (American Funds)is incorporated herein by reference to Post-Effective Amendment No. 1 to the Form N-4 Registration Statement (File 333-240192), filed with the Commission on April 16, 2021.
(h) (9) (v) Amendment dated April 29, 2022 to Participation Agreement (American Funds)is incorporated herein by reference to the Form N-4 Registration Statement (File No. 333-261466), filed with the Commission on July 5, 2022.
(h) (9) (vi) Amendment dated August 1, 2022 to Participation Agreement (American Funds) is incorporated herein by reference to the Form N-4 Registration Statement (File No. 333-267354), filed with the Commission on September 9, 2022.
C-6
(h) (10) Participation Agreement dated July 1, 2017 (Northern Lights Variable Trust)is incorporated herein by reference to Post-Effective Amendment No. 6 to the Form N-6 Registration Statement (File No. 333-206951), as filed with the Commission on July 12, 2017.
(h) (10) (i) Amendment dated September 1, 2020 to Participation Agreement (Northern Lights Variable Trust) is incorporated herein by reference to Post-Effective Amendment No. 6 to the Form N-6 Registration Statement (File No. 333-232740), filed with the Commission on August 6, 2021.
(h) (10) (ii) Amendment dated March 22, 2022 to Participation Agreement (Northern Lights Variable Trust)- is incorporated herein by reference to Post-Effective Amendment No. 1 to the Form N-6 Registration Statement (Filed No. 333-267465), filed with the Commission on April 25, 2023.
(h) (10) (iii) Amendment dated September 15, 2022 to Participation Agreement (Northern Lights Variable Trust) is incorporated herein by reference to Post-Effective Amendment No. 1 to the Form N-6 Registration Statement (File No. 333-267465), filed with the Commission on April 25, 2023.
(h) (11) Participation Agreement dated October 15, 2017 (DFA Investment Dimensions Group Inc.)is incorporated herein by reference to Post-Effective Amendment No. 28 to the Form N-6 Registration Statement (File No. 333-52215), filed with the Commission on November 27, 2017.
(h) (11) (i) Amendment dated August 20, 2020 to Participation Agreement (DFA Investment Dimensions Group)is incorporated herein by reference to Pre-Effective Amendment No. 1 to the Form N-4 Registration Statement (File No. 333-237747), filed with the Commission on August 24, 2020.
(h) (12) Participation Agreement dated April 1, 2017 (Vanguard Variable Insurance Fund)is incorporated herein by reference to Post-Effective Amendment No. 27 to the Form N-6 Registration Statement (File No. 333-52215), as filed with the Commission on April 27, 2017.
(h) (12) (i) Amendment dated November 1, 2019 to Participation Agreement (Vanguard Variable Insurance Fund)is incorporated herein by reference to Pre-Effective Amendment No. 1 to the Form N-6 Registration Statement (333-232740), filed with the Commission on October 29, 2019.
(h) (12) (ii) Participation Agreement dated November 23, 2020 (Vanguard Variable Insurance Fund) is incorporated herein by reference to Pre-Effective Amendment No. 1 to the Form N-4 Registration Statement (File No. 333-237747), filed with the Commission on April 28, 2021.
(h) (12) (iii) Revised Schedule A dated April 30, 2021 to Participation Agreement (Vanguard Variable Insurance Fund) is incorporated herein by reference to Pre-Effective Amendment No. 1 to the Form N-4 Registration Statement (File No. 333-237747), filed with the Commission on April 28, 2021.
(h) (12) (iv) Revised Schedule A dated October 13, 2022 to Participation Agreement (Vanguard Variable Insurance Fund)is incorporated herein by reference to Post-Effective Amendment No. 1 to the Form N-6 Registration Statement (File No. 333-267465), filed with the Commission on April 25, 2023.
(h) (13) Participation Agreement dated December 1, 2020 (BlackRock) is incorporated herein by reference to Pre-Effective Amendment No. 1 to the Form N-6 Registration Statement (File No. 333-248236), filed with the Commission on December 16, 2020.
(h) (13) (i) Amendment dated May 1, 2021 to Participation Agreement (BlackRock) is incorporated herein by reference to Post-Effective Amendment No. 1 to the Form N-4 Registration Statement (File No. 333-240192), filed with the Commission on April 16, 2021.
(h) (13) (ii) Amendment dated April 1, 2022 to Participation Agreement (BlackRock)is incorporated herein by reference to Post-Effective Amendment No. 1 to the Form N-6 Registration Statement (File No. 333-267465), filed with the Commission on April 25, 2023.
C-7
(h) (13) (iii) Amendment dated September 16, 2022 to Participation Agreement (BlackRock) is incorporated herein by reference to Post-Effective Amendment No. 1 to the Form N-6 Registration Statement (File No. 333-267465), filed with the Commission on April 25, 2023.
(h) (14) Participation Agreement dated November 9, 2020 (Putnam Variable Trust) is incorporated herein by reference to Pre-Effective Amendment No. 1 to the Form N-6 Registration Statement (File No. 333-248236), filed with the Commission on December 16, 2020.
(h) (14) (i) Rule 22(c)-2 Agreement dated November 9, 2020 (Putnam Variable Trust) is incorporated herein by reference to Post-Effective Amendment No. 2 to the Form N-6 Registration Statement (File No. 333-248236), filed with the Commission on April 25, 2022.
(h) (14) (ii) Amendment dated March 30, 2022 (Putnam Variable Trust)- is incorporated herein by reference to Post-Effective Amendment No. 1 to the Form N-6 Registration Statement (File No. 333-267465), filed with the Commission on April 25, 2023.
(h) (14) (iii) Amendment dated September 21, 2022 to Participation Agreement (Putnam Variable Trust)is incorporated herein by reference to Post-Effective Amendment No. 1 to the Form N-6 Registration Statement (File No. 333-267465), filed with the Commission on April 25, 2023.
(h) (15) Participation Agreement dated December 3, 2020 (Janus Aspen Series) is incorporated herein by reference to Pre-Effective Amendment No. 1 to the Form N-6 Registration Statement (File No. 333-248236), filed with the Commission on December 16, 2020.
(h) (15) (i) Amendment dated October 11, 2021 to Participation Agreement (Janus Aspen Series) is incorporated herein by reference to Post-Effective Amendment No. 2 to the Form N-4 Registration Statement (File No. 333-240102), filed with the Commission on April 15, 2022.
(h) (15) (ii) Amendment dated March 1, 2022 to Participation Agreement (Janus Aspen Series) is incorporated herein by reference to Post-Effective Amendment No. 2 to the Form N-4 Registration Statement (File No. 333-240102), filed with the Commission on April 15, 2022.
(h) (15) (iii) Amendment dated October 1, 2022 to Participation Agreement (Janus Aspen Series)is incorporated herein by reference to Post-Effective Amendment No. 1 to the Form N-6 Registration Statement (File No. 333-267465), filed with the Commission on April 25, 2023.
(h) (16) Participation Agreement dated November 9, 2020 (Schwab Variable Insurance Trust) is incorporated herein by reference to Post-Effective Amendment No. 1 to the Form N-4 Registration Statement (File No. 333-240192), file with the Commission on April 16, 2021.
(h) (16) (i) Amendment dated December 15, 2022 to Participation Agreement (Schwab Variable Insurance Trust) is incorporated herein by reference to Post-Effective Amendment No. 1 to the Form N-6 Registration Statement (File No. 333-267465), filed with the Commission on April 25, 2023.
C-8
(i) Administrative Contracts - Not Applicable.
(j) Other Material Contracts - Not Applicable.
(k) Legal Opinion
(k) (1) Opinion and Consent of Bradley Strickling, Esq.is incorporated by reference to the Form N-6 Registration Statement (File No. 333-267465), as filed with the Commission on September 16, 2022.
(l) Actuarial Opinion- Not Applicable.
(m) Calculation- Not Applicable.
(n) Other Opinions
(n) (1) Consents of KPMG LLP - filed herein.
(n) (2) Powers of Attorneyis incorporated herein by reference to Post-Effective Amendment No. 4 to the Form N-4 Registration Statement (File No. 333-267354), filed with the Commission on February 14, 2025.
(o) Omitted Financial Statements - Not Applicable.
(p) Initial Capital Agreements - Not Applicable.
(q) Redeemability Exemption
(q) (1) Memorandum Pursuant to Rule 6e-3(T)(b)(12)(iii) Describing Issue, Transfer and Redemption Proceduresis incorporated herein by reference to Pre-Effective Amendment No. 1 to the Form N-6 Registration Statement (333-232740), filed with the Commission on October 29, 2019.
(r) Form of Initial Summary Prospectus - filed herein.
C-9
Item 31. Directors and Officers of the Depositor
Name and Principal Business Address* |
Position and Offices with Depositor | |
Adams, D. Scott | Executive Vice President, Chief Transformation and Strategy Officer | |
Bartlett, Malcolm Lee | Senior Vice President, Corporate Tax | |
Bern, Leigh Bynum | Senior Vice President, Chief Financial Actuary, and Appointed Actuary | |
Bielen, Richard J. | Chairman of the Board, Chief Executive Officer, President, and Director | |
Black, Lance P. | Executive Vice President, Acquisitions and Corporate Development | |
Byrd, Kenneth | Senior Vice President, Operations | |
Cramer, Steve | Senior Vice President, and Chief Product Officer | |
Creutzmann, Scott E. | Senior Vice President, and Chief Compliance Officer | |
Drew, Mark L. | Executive Vice President, and Chief Legal Officer | |
Evesque, Wendy L. | Executive Vice President, and Chief Human Resources Officer | |
Goldsmith, Lisa M. | Director | |
Hardeman, James C. | Senior Vice President, Financial Planning and Analysis | |
Harrison, Wade V. | Executive Vice President, Chief Operating Officer, and Director | |
Herring, Derry W | Senior Vice President, and Chief Auditor | |
Karchunas, M. Scott | Senior Vice President, and President, Asset Protection Division | |
Kohler, Matthew | Senior Vice President, and Chief Information Officer | |
Kurtz, Richard J. | Senior Vice President, and Chief Distribution Officer | |
Laeyendecker, Ronald | Senior Vice President, Executive Benefits Markets | |
Lassiter, Frank Q. | Vice President, Head of Treasury, and Treasurer | |
Lawrence, Mary Pat | Senior Vice President, Government Affairs | |
Lebel, Dominique | Senior Vice President, and Chief Risk Officer | |
Lee, Felicia M. | Secretary, Vice President, and Senior Counsel | |
McDonald, Laura Y. | Senior Vice President, and Chief Mortgage and Real Estate Officer | |
Passafiume, Philip E. | Executive Vice President, and Chief Investment Officer | |
Peeler, Rachelle R. | Senior Vice President, and Senior Human Resources Partner | |
Pugh, Barbara N. | Senior Vice President, and Chief Accounting Officer | |
Radnoti, Francis L. | Senior Vice President, Chief Product Officer, and Designated Illustration Actuary | |
Ray, Webster M. | Senior Vice President, Investments | |
Seurkamp, Aaron C. | Senior Vice President, and President, Retirement Division | |
Wagner, James | Senior Vice President, and Chief Distribution Officer | |
Wahlheim, Cary T. | Senior Vice President, and Senior Counsel | |
Walker, Steven G. | Vice Chairman, Finance and Risk, and Director | |
Wells, Paul R. | Executive Vice President, Chief Financial Officer, and Director | |
Whitcomb, John | Senior Vice President, Retirement Operations and Strategic Planning | |
Williams, Doyle J. | Senior Vice President, and Chief Marketing Officer |
* Unless otherwise indicated, the principal business address is 2801 Highway 280 South, Birmingham, Alabama 35223
Item 32. Persons Controlled by or Under Common Control With the Depositor or Registrant
The registrant is a segregated asset account of the Company and is therefore owned and controlled by the Company. All of the Company's outstanding voting common stock is owned by Protective Life Corporation, a subsidiary of Dai-ichi Life Holdings, Inc. Protective Life Corporation is described more fully in the prospectus included in this registration statement.
For more information regarding the company structure of Protective Life Corporation and Dai-ichi Life Holdings, Inc., please refer to the Organizational Chart filed herein.
C-10
Item 33. Indemnification
Article XI of the By-laws of Protective Life provides, in substance, that any of Protective Life's directors and officers, who is a party or is threatened to be made a party to any action, suit or proceeding, other than an action by or in the right of Protective Life, by reason of the fact that he is or was an officer or director, shall be indemnified by Protective Life against expenses (including attorneys' fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by such person in connection with such claim, action, suit or proceeding if he acted in good faith and in a manner he reasonably believed to be in or not opposed to the best interests of Protective Life and, with respect to any criminal action or proceeding, had no reasonable cause to believe his conduct was unlawful. If the claim, action or suit is or was by or in the right of Protective Life to procure a judgment in its favor, such person shall be indemnified by Protective Life against expenses (including attorneys' fees) actually and reasonably incurred by him in connection with the defense or settlement of such action or suit if he acted in good faith and in a manner he reasonably believed to be in or not opposed to the best interests of Protective Life, except that no indemnification shall be made in respect of any claim, issue or matter as to which such person shall have been adjudged to be liable for negligence or misconduct in the performance of his duty to Protective Life unless and only to the extent that the court in which such action or suit was brought shall determine upon application that, despite the adjudication of liability but in view of all circumstances of the case, such person is fairly and reasonably entitled to indemnity for such expenses which such court shall deem proper. To the extent that a director or officer has been successful on the merits or otherwise in defense of any such action, suit or proceeding, or in defense of any claim, issue or matter therein, he shall be indemnified by Protective Life against expenses (including attorneys' fees) actually and reasonably incurred by him in connection therewith, not withstanding that he has not been successful on any other claim issue or matter in any such action, suit or proceeding. Unless ordered by a court, indemnification shall be made by Protective Life only as authorized in the specific case upon a determination that indemnification of the officer or director is proper in the circumstances because he has met the applicable standard of conduct. Such determination shall be made (a) by the Board of Directors by a majority vote of a quorum consisting of directors who were not parties to, or who have been successful on the merits or otherwise with respect to, such claim action, suit or proceeding, or (b) if such a quorum is not obtainable, or, even if obtainable a quorum of disinterested directors so directs, by independent legal counsel in a written opinion or (c) by the shareholders.
In addition, the executive officers and directors are insured by PLC's Directors' and Officers' Liability Insurance Policy including Company Reimbursement and are indemnified by a written contract with PLC which supplements such coverage.
Insofar as indemnification for liability arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.
C-11
Item 34. Principal Underwriters
(a) Investment Distributors, Inc. ("IDI") is the principal underwriter of the Policies as defined in the Investment Company Act of 1940. IDI is also principal underwriter for the Protective Variable Annuity Separate Account, PLICO Variable Annuity Account S, Protective COLI VUL, Protective COLI PPVUL, Variable Annuity Separate Account A of Protective Life, PLAIC Variable Annuity Account S, Protective NY COLI VUL, and Protective NY Variable Life Separate Account. The principal underwriter, IDI, is also currently distributing units of interest in the following separate accounts: Variable Annuity-1 Series Account, Variable Annuity-1 Series Account of Great West Life & Annuity Insurance Company of New York, Variable Annuity-2 Series Account, Variable Annuity-2 Series Account [New York], Variable Annuity-3 Series Account, COLI VUL-2 Series Account, COLI VUL-2 Series Account of Great West Life & Annuity Insurance Company of New York, COLI VUL-4 Series Account of Great-West Life & Annuity Insurance Company, Maxim Series Account of Great West Life & Annuity Insurance Company, Prestige Variable Life Account, Pinnacle Series Account of Great West Life & Annuity Insurance Company, Trillium Variable Annuity Account.
(b) The following information is furnished with respect to the officers and directors of IDI:
Name and Principal Business Address* |
Position and Offices | Position and Offices with Registrant | ||
Carlson, Martha H. | Designated Responsible Licensed Producer | Vice President, National Sales Manager Annuity | ||
Coffman, Benjamin P. | Vice President, Financial Reporting | Vice President, Financial Reporting | ||
Collazo, Kimberly | Assistant Secretary | Vice President and Senior Counsel | ||
Creutzmann, Scott E. | Director | Senior Vice President and Chief Compliance Officer | ||
Lane, Jamie L. | Director | Vice President, Head of DX and Enterprise Shared Services | ||
Lee, Felicia M. | Secretary | Secretary, Vice President, and Senior Counsel | ||
McCreless, Kevin L. | Chief Compliance Officer | Senior Director Regulatory | ||
Morsch, Letitia A. | Assistant Secretary, and Director | Vice President, Head of Retail Retirement Operations | ||
Reed, Alisha D. | Director | Vice President, Head of Marketing Strategy | ||
Richards, Megan P. | Assistant Secretary | Assistant Secretary | ||
Tennent, Rayburn | Senior Analyst Financial Reporting | Senior Analyst Financial Reporting | ||
Wagner, James | President and Director | Senior Vice President and Chief Distribution Officer |
* Unless otherwise indicated, principal business address is 2801 Highway 280 South, Birmingham, Alabama, 35223.
(c) The following commissions were received by each principal underwriter, directly or indirectly, from the Registrant during the Registrant's last fiscal year:
(1) Name of Principal Underwriter |
(2) Net Underwriting Discounts |
(3) Compensation on Redemption |
(4) Brokerage Commissions |
(5) Other Compensation |
||||
Investment Distributors, Inc. | N/A | None | N/A | N/A |
C-12
Item 35. Location of Accounts and Records.
All accounts and records required to be maintained by Section 31(a) of the Investment Company Act of 1940 and the rules thereunder are maintained by Protective Life Insurance Company at 2801 Highway 280 South, Birmingham, Alabama 35223.
Item 36. Management Services.
All management contracts are discussed in the Prospectus or Statement of Additional Information.
Item 37. Fee Representation.
Protective Life Insurance Company represents that the fees and charges deducted under the Policy, in the aggregate, are reasonable in relation to the services rendered, the expenses expected to be incurred, and the risks assumed by Protective Life Insurance Company.
C-13
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant of this Registration Statement certifies that it meets the requirements of Rule 485(b) of the Securities Act for effectiveness of this Registration Statement and has duly caused this Post-Effective Amendment to the Registration Statement on Form N-6 to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Birmingham, State of Alabama, on September 17, 2025.
PROTECTIVE VARIABLE LIFE SEPARATE ACCOUNT | |||
By: | * | ||
Richard J. Bielen, President | |||
Protective Life Insurance Company | |||
PROTECTIVE LIFE INSURANCE COMPANY | |||
By: | * | ||
Richard J. Bielen, President | |||
Protective Life Insurance Company | |||
As required by the Securities Act of 1933, this Post-Effective Amendment to the Registration Statement on Form N-6 has been signed by the following persons in the capacities and on the dates indicated:
Signature | Title | Date | |||
* | Chairman of the Board, President | September 17, 2025 | |||
Richard J. Bielen | Chief Executive Officer, and Director | ||||
(Principal Executive Officer) | |||||
* |
Executive Vice President, Chief Operating Officer |
September 17, 2025 | |||
Wade V. Harrison | and Director | ||||
* | Executive Vice President, Chief | September 17, 2025 | |||
Paul R. Wells | Financial Officer, and Director | ||||
(Principal Operating and Accounting Officer) | |||||
*BY: | /S/ BRANDON J. CAGE | September 17, 2025 | |||
Brandon J. Cage | |||||
Attorney-in-Fact |
C-14
EXHIBIT LIST
(n) (1) Consents of KPMG LLP
(r) Form of Initial Summary Prospectus
Item (32) Organizational Chart
C-15