Protective Life Corporation (NYSE:PL) announced today that it has sold Matrix Direct, Inc. to American General Life Insurance Company, a wholly owned subsidiary of American International Group, Inc. (AIG).

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 $2.7 billion and as of December 31, 2006 had assets of $39.8 billion.