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Life Policy and Investment Contract Reserves (Tables)

9 Months Ended

Sep. 30, 2014

Liability for Future Policy Benefits [Abstract]

Reserve For Losses Loss Adjustment Expenses Table [Text Block]

This table summarizes our life policy and investment contract reserves:



(In millions)	September 30, 2014		December 31, 2013
Ordinary/traditional life	$	863	$	815
Universal life	527		508
Deferred annuities	864		862
Structured settlements	184		189
Other	46		16
Total life policy and investment contract reserves	$	2,484	$	2,390

- Definition

The entire disclosure for the present values of future benefits to be paid to or on behalf of policyholders and related expenses less the present value of future net premiums using assumptions such as estimates of expected investment yields, mortality, morbidity, terminations and expenses, applicable at the time the insurance contracts are made and unpaid claim costs relating to insurance contracts including estimates of costs relating to incurred but not reported claims based on the estimated ultimate cost of settling the claims (including effects of inflation and other societal and economic factors), using past experience adjusted for current trends and any other factors that would modify past experience by element such as business segment, country and interest rate range.

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