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INVESTMENT OPERATIONS (Details 4)
$ in Thousands
1 Months Ended 11 Months Ended 12 Months Ended
Jan. 31, 2015
USD ($)
Dec. 31, 2015
USD ($)
position
Dec. 31, 2014
USD ($)
Dec. 31, 2013
USD ($)
Successor        
Fair Value        
Less Than 12 Months   $ 30,237,469    
12 Months or More   0    
Total   30,237,469    
Unrealized Loss        
Less Than 12 Months   (2,929,180)    
12 Months or More   0    
Total   $ (2,929,180)    
Number of positions | position   2,547    
Available-for-sale securities, fair value   $ 33,736,825    
Available-for-sale securities, amortized cost   36,612,808    
Non-income producing investments   27,100    
Policy loans   $ 1,699,508    
Interest rate on collateral loans on life insurance policies (as a percent)   13.64%    
Successor | Minimum        
Unrealized Loss        
Interest rate on standard policy loans (as a percent)   3.00%    
Successor | Maximum        
Unrealized Loss        
Interest rate on standard policy loans (as a percent)   8.00%    
Successor | Below investment grade        
Unrealized Loss        
Available-for-sale securities, fair value   $ 1,500,000    
Available-for-sale securities, amortized cost   1,700,000    
Securities in trading portfolio   288,200    
Securities not publicly traded   928,700    
Successor | Fixed maturities        
Unrealized Loss        
Available-for-sale securities, fair value   32,843,049    
Available-for-sale securities, amortized cost   35,725,810    
Securities in trading portfolio   2,700,000    
Change in unrealized gains (losses), net of income tax   (1,873,795)    
Successor | Residential mortgage-backed securities        
Fair Value        
Less Than 12 Months   977,433    
12 Months or More   0    
Total   977,433    
Unrealized Loss        
Less Than 12 Months   (17,112)    
12 Months or More   0    
Total   (17,112)    
Available-for-sale securities, fair value   1,765,273    
Available-for-sale securities, amortized cost   1,773,099    
Successor | Commercial mortgage-backed securities        
Fair Value        
Less Than 12 Months   1,232,495    
12 Months or More   0    
Total   1,232,495    
Unrealized Loss        
Less Than 12 Months   (41,852)    
12 Months or More   0    
Total   (41,852)    
Available-for-sale securities, fair value   1,285,864    
Available-for-sale securities, amortized cost   1,327,288    
Successor | Other asset-backed securities        
Fair Value        
Less Than 12 Months   633,274    
12 Months or More   0    
Total   633,274    
Unrealized Loss        
Less Than 12 Months   (18,763)    
12 Months or More   0    
Total   (18,763)    
Available-for-sale securities, fair value   797,051    
Available-for-sale securities, amortized cost   813,056    
Successor | U.S. government-related securities        
Fair Value        
Less Than 12 Months   1,291,476    
12 Months or More   0    
Total   1,291,476    
Unrealized Loss        
Less Than 12 Months   (34,532)    
12 Months or More   0    
Total   (34,532)    
Available-for-sale securities, fair value   1,532,177    
Available-for-sale securities, amortized cost   1,566,260    
Successor | Other government-related securities        
Fair Value        
Less Than 12 Months   17,740    
12 Months or More   0    
Total   17,740    
Unrealized Loss        
Less Than 12 Months   (743)    
12 Months or More   0    
Total   (743)    
Available-for-sale securities, fair value   17,740    
Available-for-sale securities, amortized cost   18,483    
Successor | States, municipals, and political subdivisions        
Fair Value        
Less Than 12 Months   1,566,752    
12 Months or More   0    
Total   1,566,752    
Unrealized Loss        
Less Than 12 Months   (126,814)    
12 Months or More   0    
Total   (126,814)    
Available-for-sale securities, fair value   1,603,600    
Available-for-sale securities, amortized cost   1,729,732    
Successor | Corporate bonds        
Fair Value        
Less Than 12 Months   24,235,121    
12 Months or More   0    
Total   24,235,121    
Unrealized Loss        
Less Than 12 Months   (2,681,020)    
12 Months or More   0    
Total   (2,681,020)    
Available-for-sale securities, fair value   25,778,657    
Available-for-sale securities, amortized cost   28,433,530    
Successor | Preferred Stock        
Fair Value        
Less Than 12 Months   34,685    
12 Months or More   0    
Total   34,685    
Unrealized Loss        
Less Than 12 Months   (1,867)    
12 Months or More   0    
Total   (1,867)    
Available-for-sale securities, fair value   62,687    
Available-for-sale securities, amortized cost   64,362    
Successor | Equity securities        
Fair Value        
Less Than 12 Months   248,493    
12 Months or More   0    
Total   248,493    
Unrealized Loss        
Less Than 12 Months   (6,477)    
12 Months or More   0    
Total   (6,477)    
Available-for-sale securities, fair value   691,666    
Available-for-sale securities, amortized cost   684,888    
Securities in trading portfolio   8,300    
Change in unrealized gains (losses), net of income tax   $ 4,406    
Predecessor        
Fair Value        
Less Than 12 Months     $ 2,232,805  
12 Months or More     1,904,974  
Total     4,137,779  
Unrealized Loss        
Less Than 12 Months     (96,859)  
12 Months or More     (116,560)  
Total     (213,419)  
Available-for-sale securities, fair value     34,824,298  
Available-for-sale securities, amortized cost     31,763,413  
Policy loans     1,758,237  
Predecessor | Fixed maturities        
Unrealized Loss        
Available-for-sale securities, fair value     33,937,420  
Available-for-sale securities, amortized cost     30,898,028  
Securities in trading portfolio     2,800,000  
Change in unrealized gains (losses), net of income tax $ 669,160   1,224,248 $ (1,269,277)
Predecessor | Residential mortgage-backed securities        
Fair Value        
Less Than 12 Months     165,877  
12 Months or More     67,301  
Total     233,178  
Unrealized Loss        
Less Than 12 Months     (9,547)  
12 Months or More     (2,717)  
Total     (12,264)  
Available-for-sale securities, fair value     1,418,258  
Available-for-sale securities, amortized cost     1,374,141  
Predecessor | Commercial mortgage-backed securities        
Fair Value        
Less Than 12 Months     49,908  
12 Months or More     102,529  
Total     152,437  
Unrealized Loss        
Less Than 12 Months     (334)  
12 Months or More     (2,030)  
Total     (2,364)  
Available-for-sale securities, fair value     1,177,252  
Available-for-sale securities, amortized cost     1,119,979  
Predecessor | Other asset-backed securities        
Fair Value        
Less Than 12 Months     108,665  
12 Months or More     537,488  
Total     646,153  
Unrealized Loss        
Less Than 12 Months     (6,473)  
12 Months or More     (29,477)  
Total     $ (35,950)  
Percentage of underlying collateral including student-loan backed auction rate securities guaranteed by the Federal Family Education Loan Program ("FFELP"), minimum     97.00%  
Available-for-sale securities, fair value     $ 839,376  
Available-for-sale securities, amortized cost     857,365  
Predecessor | U.S. government-related securities        
Fair Value        
Less Than 12 Months     231,917  
12 Months or More     280,803  
Total     512,720  
Unrealized Loss        
Less Than 12 Months     (3,868)  
12 Months or More     (5,414)  
Total     (9,282)  
Available-for-sale securities, fair value     1,428,895  
Available-for-sale securities, amortized cost     1,394,028  
Predecessor | Other government-related securities        
Fair Value        
Less Than 12 Months     0  
12 Months or More     0  
Total     0  
Unrealized Loss        
Less Than 12 Months     0  
12 Months or More     0  
Total     0  
Available-for-sale securities, fair value     20,172  
Available-for-sale securities, amortized cost     16,939  
Predecessor | States, municipals, and political subdivisions        
Fair Value        
Less Than 12 Months     1,905  
12 Months or More     10,481  
Total     12,386  
Unrealized Loss        
Less Than 12 Months     (134)  
12 Months or More     (297)  
Total     (431)  
Available-for-sale securities, fair value     1,687,689  
Available-for-sale securities, amortized cost     1,391,526  
Predecessor | Corporate bonds        
Fair Value        
Less Than 12 Months     1,657,103  
12 Months or More     776,863  
Total     2,433,966  
Unrealized Loss        
Less Than 12 Months     (76,285)  
12 Months or More     (62,690)  
Total     (138,975)  
Available-for-sale securities, fair value     27,365,778  
Available-for-sale securities, amortized cost     24,744,050  
Predecessor | Equity securities        
Fair Value        
Less Than 12 Months     17,430  
12 Months or More     129,509  
Total     146,939  
Unrealized Loss        
Less Than 12 Months     (218)  
12 Months or More     (13,935)  
Total     (14,153)  
Available-for-sale securities, fair value     735,306  
Available-for-sale securities, amortized cost     713,813  
Securities in trading portfolio     21,500  
Change in unrealized gains (losses), net of income tax $ 12,172   $ 33,642 $ (20,899)