8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D. C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

February 12, 2008 (February 12, 2008)
Date of Report (Date of earliest event reported)

Protective Life Corporation

(Exact name of registrant as specified in its charter)

Delaware	001-11339	95-2492236
(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	File Number)	Identification No.)

2801 Highway 280 South

Birmingham, Alabama 35223

(Address of principal executive offices and zip code)

(205) 268-1000

(Registrant's telephone number, including area code)

N/A

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CF 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01 Other Events.

On February 12, 2008, Protective Life Corporation (the “Company”) announced that it commenced execution of its previously authorized share repurchase program.  On May 7, 2007, the Company’s Board of Directors extended its previously authorized $100 million share repurchase program through May 6, 2010.  Reference is made to the press release filed as Exhibit 99 to this Form 8-K and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

    (d)  Exhibits:

99 - Press Release Dated Februay 12, 2008

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

PROTECTIVE LIFE CORPORATION

/s/Steven G. Walker

Steven G. Walker

Senior Vice President, Controller

and Chief Accounting Officer

Dated:February 12, 2008
 

EX-99

Protective Life Corporation                                                                                                                                                                         0;                                                                                            Exhibit 99

Post Office Box 2606

Birmingham, AL 35202

205-268-1000

FOR IMMEDIATE RELEASE

PROTECTIVE ANNOUNCES SHARE REPURCHASE

BIRMINGHAM, Alabama, (February 12, 2008) Protective Life Corporation (NYSE:PL) today commenced execution of its previously authorized share repurchase program.  On May 7, 2007, Protective Life Corporation’s Board of Directors extended its previously authorized $100 million share repurchase program.  The current authorization extends through May 6, 2010.  Today’s share repurchase was the first activity under the authorization.  Future repurchase activity will be dependent on many factors, including market conditions, capital adequacy and the relative attractiveness of alternative uses of capital.

Protective Life Corporation provides financial services through the production, distribution and administration of insurance and investment products throughout the United States. It has annual revenues of approximately $3.0 billion and as of December 31, 2007 had assets of approximately $41.7 billion.

CONTACT:

Eva Robertson

Vice President, Investor Relations

(205) 268-3912