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Life Policy and Investment Contract Reserves (Tables)

3 Months Ended

Mar. 31, 2015

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:



(Dollars in millions)	March 31, 2015		December 31, 2014
Ordinary/traditional life	$	891	$	875
Deferred annuities	863		863
Universal life	533		530
Structured settlements	181		182
Other	46		47
Total life policy and investment contract reserves	$	2,514	$	2,497

- 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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