Exhibit (h)(15)(iii)

AMENDMENT TO PARTICIPATION AGREEMENT

THIS AMENDMENT TO PARTICIPATION AGREEMENT (this “Amendment”) is made as of the 10^th day of August, 2022, by and among PROTECTIVE LIFE INSURANCE COMPANY, a life insurance company organized under the laws of the State of Tennessee (the “Company”), acting herein for and on behalf of itself and on behalf of each separate account set forth in Schedule B to the Participation Agreement between the parties (the “Separate Accounts”); ROYCE CAPITAL FUND (the “Fund”); and ROYCE FUND SERVICES, LLC (formerly Royce Fund Services, Inc.) (the “Distributor” and collectively with the Fund, “Royce”).

RECITALS

WHEREAS, the Company and Royce are parties to a certain Participation Agreement dated November 1, 2009 (the “Agreement”);

WHEREAS, the parties further desire to amend the Agreement to update the separate accounts and insurance contracts listed in Schedule B; and,

WHEREAS, the parties now desire to modify the Agreement as provided herein.

NOW, THEREFORE, in consideration of the foregoing and of the mutual covenants and conditions set forth herein, and for other good and valuable consideration, the parties agree to amend the Agreement as follows:

Schedule B. Schedule B to the Agreement is hereby deleted in its entirety and replaced with Schedule B as attached hereto.

Ratification and Confirmation of Agreement. In the event of a conflict between the terms of this Amendment and the Agreement, it is the intention of the parties that the terms of this Amendment shall control and the Agreement shall be interpreted on that basis. To the extent the provisions of the Agreement have not been amended by this Amendment, the parties hereby confirm and ratify the Agreement.

Counterparts. This Amendment may be executed in two or more counterparts, each of which shall be an original and all of which together shall constitute one and the same instrument.

Full Force and Effect. Except as expressly supplemented, amended or consented to hereby, all of the representations, warranties, terms, covenants and conditions of the Agreement shall remain unamended and shall continue to be in full force and effect.

IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date first above written.

PROTECTIVE LIFE INSURANCE COMPANY

On its behalf and each Separate Account named in

Schedule B to the Agreement

By:__/s/ Steve Cramer

Name:__Steve Cramer

Title:__Chief Product Officer – Retirement Division

ROYCE CAPITAL FUND

By:__/s/ Christopher D Clark

Name:_____________________________________

Title:______________________________________

ROYCE FUND SERVICES, LLC

By:__/s/ Steven M Lipper

Name:_Steven M Lipper________________

Title:__President______________________

SCHEDULE B

SEPARATE ACCOUNTS AND CONTRACTS

Separate Account

Contracts

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PLICO Variable Annuity Account S

Schwab Genesis Variable Annuity

Schwab Genesis Advisory Variable Annuity

Protective COLI VUL

Protective Executive Benefits Registered VUL

Protective COLI PPVUL

Protective Executive Benefits Private Placement VUL

Protective Variable Annuity Separate Account

Protective Variable Annuity

Protective Variable Annuity II

ProtectiveValues

ProtectiveValues Advantage

ProtectiveValues Access

Protective Rewards B2A

Rewards II

Rewards Elite

Protective Access XL

Protective Dimensions

Protective Variable Annuity, Series B, C and L

Protective Investors Series

Protective Dimensions II

Protective Variable Annuity II B Series

Protective Investors Series- ADV

Protective Dimensions III

Protective Dimensions IV

Protective Investors Benefit Advisory Variable Annuity

Protective Variable Life Separate Account

Executive

Premiere II

Premiere II 2003

Single Premium Plus

Provider

Preserver

Preserver II

Protector

Premiere III

Investors Choice

Protective Strategic Objectives II VUL

United Investors Universal Life Variable

Advantage Plus VUL

Account

Protective Acquired Variable Annuity

FI VA

Separate Account

Protective BOLI PPVUL Separate Account Protective Executive Benefits Private

Placement VUL