FORM N-SAR-U
ANNUAL REPORT
FOR UNIT INVESTMENT TRUSTS
Report for six month period ending: / / (a)
or fiscal year ending: 12/31/96 (b)
Is this a transition report?:(Y/N) N
Is this an amendment to a previous filing? (Y/N) N
Those items or sub-items with a box "[/] " after the item number should be
completed only if the answer has changed from the previous filing on this form.
1. A. Registrant Name: First Investors Life Level Premium Variable
Life Insurance (Separate Account B)
B. File Number: 811-4328
C. Telephone Number:
(212) 858-8200
2. A. Street: 95 Wall Street
B. City: New York C. State: New York D. Zip Code: 10005
Zip Ext:
E. Foreign Country: Foreign Postal Code:
3. Is this the first filing on this form by
Registrant? (Y/N) N
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4. Is this the last filing on this form by
Registrant? (Y/N) N
--------
5. Is Registrant a small business investment company
(SBIC)? (Y/N)
[If answer is "Y" (Yes), complete only items 89
through 110.] N
--------
6. Is Registrant a unit investment trust (UIT)? (Y/N) Y
--------
[If answer is "Y" (Yes), complete only items 111
through 132.]
7. A. Is Registrant a series or multiple portfolio
company? (Y/N)
--------
[If answer is "N" (No), go to item 8.]
B. How many separate series or portfolios did
Registrant have at the end of the period? --------
<PAGE>
If filing more than one
Page 50, "X" box: [_]
For period ending 12/31/96
File number 811-4328
123. [/] State the total value of the additional units
considered in answering item 122 ($000's omitted) $36,214
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124. [/] State the total value of units of prior series
that were placed in the portfolios of subsequent
series during the current period (the value of
these units is to be measured on the date they were
placed in the subsequent series) ($000's omitted) $
-------
125. [/] State the total dollar amount of sales loads
collected (before reallowances to other brokers or
dealers) by Registrant's principal underwriter and
any underwriter which is an affiliated person of the
principal underwriter during the current period
solely from the sale of units of all series
of Registrant ($000's omitted) $ 9,107
-------
126. Of the amount shown in item 125, state the total
dollar amount of sales loads collected from
secondary market operations in Registrant's units
(include the sales loads, if any, collected on units
of a prior series placed in the portfolio of a
subsequent series.) ($000's omitted) $
-------
127. List opposite the appropriate description below
the number of series whose portfolios are invested
primarily (based upon a percentage of NAV) in each
type of security shown, the aggregate total assets
at market value as of a date at or near the end of the
current period of each such group of series and the
total income distributions made by each such group
of series during the current period (excluding
distributions of realized gains, if any):
Number of Total Assets Total Income
Series ($000's Distributions
Investing omitted (000's omitted)
--------- ------------ ---------------
A. U.S. Treasury direct issue $ $
--------- -------- -------
B. U.S. Government agency
--------- -------- -------
C. State and municipal
tax-free
--------- -------- -------
D. Public utility debt
--------- -------- -------
E. Brokers or dealers debt or
debt of brokers' or
dealers' parent
--------- -------- -------
F. All other corporate
intermed. & long-term
debt
--------- -------- -------
G. All other corporate
short-term debt
--------- -------- -------
<PAGE>
H. Equity securities of
brokers or dealers or
parents of brokers or
dealers
--------- -------- -------
I. Investment company equity
securities 1 $135,984 $ 5,767
--------- -------- --------
J. All other equity
securities
--------- -------- -------
K. Other securities
--------- -------- -------
L. Total assets of all
series of registrants $135,984
--------- -------- -------
If filing more than one
Page 50, "X" box: [ ]
For period ending 12/31/96
--------
File number 811-4328
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128. [/] Is the timely payment of principal and
interest on any of the portfolio securities held
by any of Registrant's series at the end of the
current period insured or guaranteed by an entity
other than the issuer? (Y/N)
------
Y/N
129. [/] Is the issuer of any instrument covered in item 128
delinquent or in default as to payment of principal or
interest at the end of the current period? (Y/N)
------
Y/N
[If answer is "N" (No), go to item 131.]
130. [/] In computations of NAV or offering price per unit,
is any part of the value attributed to instruments
identified in item 129 derived from insurance or
guarantees? (Y/N)
------
Y/N
[If answer is "N" (No), go to item 131.]
131. Total expenses incurred by all series of Registrant during
the current reporting period ($000's omitted) $ 3,403
------
132. [/] List the "811" (Investment Company Act of 1940)
registration number for all Series of Registrant that
are being included in this filing
811- 811- 811- 811- 811-
------- ------- -------- -------- --------
811- 811- 811- 811- 811-
------- ------- -------- -------- --------
811- 811- 811- 811- 811-
------- ------- -------- -------- --------
<PAGE>
This report is signed on behalf of the depositor in the city and State of
New York on the 25th day of February, 1997.
FIRST INVESTORS LIFE INSURANCE
COMPANY
Depositor
Witness /s/ Ada M. Suchow By /s/ Richard H. Gaebler
----------------- ----------------------
Ada M. Suchow Richard H. Gaebler
Vice President and President
Assistant Secretary
