U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 24F-2
Annual Notice of Securities Sold
Pursuant to Rule 24f-2
1. Name and Address of issuer:
First Investors Life Level Premium Variable Life Insurance
(Separate Account B)
95 Wall Street
New York, NY 10005
2. Name of each series or class of funds for which this notice is filed:
Blue Chip Subaccount
Cash Management Subaccount
Discovery Subaccount
Government Subaccount
Growth Subaccount
High Yield Subaccount
International Securities Subaccount
Investment Grade Subaccount
Target Maturity 2007 Subaccount
Utilities Income Subaccount
3. Investment Company Act File Number: 811-4328
Securities Act File Number: 2-98410
4. Last day of fiscal year for which this notice is filed:
December 31, 1995
5. Check box if this notice is being filed more than 180 days after the
close of the issuer's fiscal year for purposes of reporting securities
sold after the close of the fiscal year but before termination of the
issuer's 24f-2 declaration:
[ ]
6. Date of termination of issuer's declaration under rule 24f-2(a)(1), if
applicable (see instruction A.6):
7. Number and amount of securities of the same class or series which had
been registered under the Securities Act of 1933 other than pursuant to
rule 24f-2 in a prior fiscal year, but which remained unsold at the
beginning of the fiscal year:
-0-
8. Number and amount of securities registered during the fiscal year other
than pursuant to rule 24f-2:
-0-
9. Number and aggregate sale price of securities sold during the fiscal
year:
Number: 1,656,854
Sale Price: $31,438,418
10. Number and aggregate sale price of securities sold during the fiscal
year in reliance upon registration pursuant to rule 24f-2:
Number: 1,656,854
Sale Price: $31,438,418
11. Number and aggregate sale price of securities issued during the fiscal
year in connection with dividend reinvestment plans, if applicable (see
instruction B.7):
12. Calculation of registration fee:
(i) Aggregate sale price of securities sold
during the fiscal year in reliance on rule
24f-2 (from item 10):
$ 31,438,418
(ii) Aggregate price of shares issued in
connection with dividend reinvestment plans
(from item 11, if applicable):
+ -0-
(iii) Aggregate price of shares redeemed or
repurchased during the fiscal year (if
applicable):
- - 12,242,875
(iv) Aggregate price of shares redeemed or
repurchased and previously applied as a
reduction to filing fees pursuant to rule
24e-2 (if applicable):
+ -0-
(v) Net aggregate price of securities sold and
issued during the fiscal year in reliance on
rule 24f-2 (line (i), plus line (ii), less
line (iii), plus line (iv) (if applicable):
19,195,543
(vi) Multiplier prescribed by Section 6(b) of the
Securities Act of 1933 or other applicable
law or regulation (see Instruction C.6):
x 1/29 of 1%
(vii) Fee due [line (i) or line (v) multiplied by
line (vi)]:
$ 6,619.15
Instruction: issuers should complete lines, (ii), (iii), (iv), and (v) only
if the form is being filed within 60 days after the close of
the issuer's fiscal year. See Instruction C.3.
13. Check box if fees are being remitted to the Commission's lockbox
depository as described in section 3a of the Commission's Rules of
Informal and Other Procedures (17 CFR 202.3a).
[X]
Date of mailing or wire transfer or filing fees to the Commission's
lockbox depository:
February 23, 1996
SIGNATURES
This report has been signed below by the following persons on behalf of the
issuer and in the capacities and on the dates indicated.
FIRST INVESTORS LIFE INSURANCE COMPANY
By /s/Richard H. Gaebler
Richard H. Gaebler, President
Date: February 27, 1996
\notice\sep-acct.b
Law Offices of ROBERT J. GROSSO
95 Wall Street 581 Main Street
23rd Floor 2nd Floor
New York, NY 10005 Woodbridge, NJ 07095
(212) 858-8121 (908) 855-2500
Telecopier (212) 858-8119 All Replies to New York Office
Member of the Bar
In New York and New Jersey
February 27, 1996
First Investors Life
Insurance Company
95 Wall Street
New York, New York 10005
Gentlemen:
I am familiar with the proceedings taken on behalf of First Investors
Life Level Premium Variable Life Insurance (Separate Account B) (the
"Separate Account") in registering with the Securities and Exchange
Commission an indefinite number of Individual Variable Life Insurance
Policies (the "Policies") and the registration statement covering the
Policies.
I have examined such records of the Separate Account, certificates of
public officials and other documents and such questions of law as I have
considered necessary as a basis for this opinion. Based on such examination,
I am of the opinion that the Policies of the Separate Account sold during
1995 are legally issued, fully paid and, except for the payment of premiums
when due, non-assessable.
This opinion letter is governed by, and shall be interpreted in
accordance, with the Legal Opinion Accord of the ABA Section of Business Law
(1991). The law covered by the opinions expressed herein is limited to the
Federal law of the United States and the law of the State of New York.
I hereby consent to the filing of this opinion as an exhibit to the
report of the Separate Account made pursuant to Rule 24f-2 of the Investment
Company Act of 1940, as amended.
Very truly yours,
/s/Robert J. Grosso
Robert J. Grosso
\opinion\sep-b.24f
