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
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, 1996
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):
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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: 1,630,097
Sale Price: $36,214,004
10. Number and aggregate sale price of securities sold during the fiscal year
in reliance upon registration pursuant to rule 24f-2:
Number: 1,630,097
Sale Price: $36,214,004
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): $ 36,214,004
--------------
(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): - 14,424,484
--------------
<PAGE>
(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): 21,789,520
--------------
(vi) Multiplier prescribed by Section 6(b) of the
Securities Act of 1933 or other applicable law or
regulation (see Instruction C.6): x 1/33 of 1%
--------------
(vii) Fee due [line (i) or line (v) multiplied by line (vi)]: $ 6,602.88
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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 24, 1997
<PAGE>
First Investors Corporation
95 Wall Street
New York, NY 10005
212-858-8121
February 24, 1997
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 1996 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
Assistant Counsel
