Exhibit 4(i)
PROTECTIVE LIFE INSURANCE
COMPANY { P. O. BOX 10648 BIRMINGHAM, ALABAMA 35202-0648
}
ROTH INDIVIDUAL RETIREMENT
ANNUITY (IRA) ENDORSEMENT
FOR DEFERRED ANNUITY
CONTRACTS
The Contract to which this Individual Retirement
Annuity Endorsement is attached is issued as an individual
retirement annuity under Section 408A of the Internal Revenue
Code of 1986, as amended (the “Code”). Accordingly, the
applicable provisions of the Contract are restricted or amended by
this Endorsement as required by Code Section 408A.
The Contract is amended as follows:
1.
OWNER AND
ANNUITANT
The Annuitant must be an individual who is the
sole Owner, and all payments made from the Contract while the
Annuitant is alive must be made to the Annuitant. Except as
permitted under Section 8 of this Endorsement, and otherwise
permitted under the Code and applicable regulations, neither the
Owner nor the Annuitant can be changed.
2.
NONTRANSFERABLE AND
NONFORFEITABLE
The Contract is established for the exclusive
benefit of the Owner and his or her beneficiaries. The
Owner’s interest under the Contract is nontransferable, and
except as provided by law, is nonforfeitable. In particular, the
Contract may not be sold, assigned, discounted or pledged as
collateral for a loan or as security for the performance of any
obligation or for any other purpose, to any person other than the
Company (other than a transfer incident to a divorce or separation
instrument in accordance with Code
Section 408(d)(6)).
3.
PURCHASE PAYMENTS
Except in the case of a rollover contribution
described in section 408A(e), a recharacterized contribution
described in section 408A(d)(6), or an IRA Conversion Contribution,
Purchase Payments may not exceed $3,000 for any taxable year
beginning in 2002 through 2004, $4,000 for any taxable year
beginning in 2005 through 2007, and $5,000 for any taxable year
beginning in 2008 and years thereafter. After 2008, the limit will
be adjusted by the Secretary of the Treasury for cost-of-living
increases under Code Section 219(b)(5)(C). Such adjustments
will be in multiples of $500. In the case of an individual who is
50 or older, the annual cash contribution limit is increased by
$5
