<ARTICLE>                                           7
<LEGEND>
This schedule contains summary financial information extracted from the
consolidated financial statements of Protective Life Insurance Company and is
qualified in its entirety by reference to such financial statements.
</LEGEND>                                             
<MULTIPLIER>                                   1,000
       
                                            
<PERIOD-TYPE>                 12-MOS              
<FISCAL-YEAR-END>             DEC-31-1998                   
<PERIOD-START>                JAN-01-1998                        
<PERIOD-END>                  DEC-31-1998                                                            
<DEBT-HELD-FOR-SALE>          6,400,262                       
<DEBT-CARRYING-VALUE>         0                                    
<DEBT-MARKET-VALUE>           0                                  
<EQUITIES>                    12,258                                               
<MORTGAGE>                    1,623,603                       
<REAL-ESTATE>                 14,868                             
<TOTAL-INVEST>                8,513,394                                    
<CASH>                        0                                      
<RECOVER-REINSURE>            756,370                                     
<DEFERRED-ACQUISITION>        841,425                                  
<TOTAL-ASSETS>                11,622,895                                           
<POLICY-LOSSES>               4,140,003                                     
<UNEARNED-PREMIUMS>           389,294                                             
<POLICY-OTHER>                0                                          
<POLICY-HOLDER-FUNDS>         219,356                                    
<NOTES-PAYABLE>               2,363                                   
<PREFERRED-MANDATORY>         0                                         
<PREFERRED>                   2                                                                       
<COMMON>                      5,000                                              
<OTHER-SE>                    1,064,369                        
<TOTAL-LIABILITY-AND-EQUITY>  11,622,895                          
<PREMIUMS>                    568,125                                                 
<INVESTMENT-INCOME>           603,795                                             
<INVESTMENT-GAINS>            2,136                                  
<OTHER-INCOME>                20,201                                         
<BENEFITS>                    730,496                                    
<UNDERWRITING-AMORTIZATION>   111,188                           
<UNDERWRITING-OTHER>          172,228                                      
<INCOME-PRETAX>               180,345                                    
<INCOME-TAX>                  63,162                                    
<INCOME-CONTINUING>           117,183                                  
<DISCONTINUED>                0                                         
<EXTRAORDINARY>               0                                             
<CHANGES>                     0                              
<NET-INCOME>                  117,183                          
<EPS-PRIMARY>                 0<F1>                                         
<EPS-DILUTED>                 0<F1>                                  
<RESERVE-OPEN>                0                                              
<PROVISION-CURRENT>           0                             
<PROVISION-PRIOR>             0                                 
<PAYMENTS-CURRENT>            0                                    
<PAYMENTS-PRIOR>              0                                      
<RESERVE-CLOSE>               0                                 
<CUMULATIVE-DEFICIENCY>       0                   
<FN>
<F1>  Protective Life Insurance Company is a wholly-owned subsidiary of
Protective Life Corporation (NYSE: PL) and is not required to present EPS
information.
</FN>