FORM N-SAR-U
ANNUAL REPORT
FOR UNIT INVESTMENT TRUSTS
Report for six month period ending: / / (a)
or fiscal year ending: 12/31/98 (b)
Is this a transition report?:(Y/N) N
--------
Is this an amendment to a previous filing? N
(Y/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 Zip Ext:
Code:
10005
E. Foreign Country: Foreign
Postal
Code:
3. Is this the first filing on this form by Registrant? N
(Y/N) --------------
4. Is this the last filing on this form by Registrant? N
(Y/N) --------------
5. Is Registrant a small business investment company
(SBIC)? (Y/N) N
--------------
[If answer is "Y" (Yes), complete only items 89 through
110.]
6. Is Registrant a unit investment trust (UIT)? (Y/N) Y
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?
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<CAPTION>
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If filing more than one
For period ending 12/31/98 Page 50, "X" box: [_]
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------------------------
File number 811- 4328
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<S> <C> <C> <C>
123. [/] State the total value of the additional units considered in answering
item 122 ($000's omitted) $ 42,396
------------------------------------------- ----------------
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) $ 9,500
------------------------------------------ ----------------
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 $ 0
series.) ($000's omitted)
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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):
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Number of Total Assets Total Income
Series ($000's Distributions
Investing omitted (000's omitted)
--------- ------- ---------------
<S> <C> <C> <C> <C>
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
---------------------------- --------- $ ------ $ ------
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G. All other corporate short-term debt
------- --------- $ ------- $ ------
H. Equity securities of brokers or dealers or
parents of brokers or dealers
------------ --------- $ ------- $ ------
I. Investment company equity securities 1 $ 214,156 $ 11,381
----- --------- -------- -------
J. All other equity securities
-------------- --------- $ ------- $ ------
K. Other securities
------------------------- --------- $ ------- $ ------
L. Total assets of all series of reg 214,156
-------- --------- $ ------- $ ------
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If filing more than one
For period ending 12/31/98 Page 50, "X" box: [ ]
--------------- ------------------------
File number 811- 4328
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<S> <C> <C>
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) $ 3,797
----------------------------------------------------
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-
---------- ---------- ---------- ----------- -----------
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This report is signed on behalf of the depositor in the City and State of New York on the
23rd day of February, 1999.
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
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