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FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
Assets:    
Available-for-sale securities $ 26,515,260 $ 27,214,682
Trading securities 2,900,000  
Total fixed maturity securities 28,904,876 29,769,978
Equity securities 405,855 373,715
Other long-term investments 175,921 130,428
Short-term investments 171,010 216,787
Assets related to separate accounts    
Variable annuity 11,162,856 9,601,417
Variable universal life 620,429 562,817
Liabilities:    
Other liabilities 444,708 657,874
Fixed maturities
   
Assets:    
Available-for-sale securities 26,052,343 26,762,670
Residential mortgage-backed securities
   
Assets:    
Available-for-sale securities 1,572,239 1,839,330
Commercial mortgage-backed securities
   
Assets:    
Available-for-sale securities 942,804 869,823
Other asset-backed securities
   
Assets:    
Available-for-sale securities 922,912 975,013
U.S. government-related securities
   
Assets:    
Available-for-sale securities 1,176,167 1,168,446
States, municipals, and political subdivisions
   
Assets:    
Available-for-sale securities 1,337,690 1,443,653
Other government-related securities
   
Assets:    
Available-for-sale securities 65,685 100,778
Corporate bonds
   
Assets:    
Available-for-sale securities 20,034,846 20,365,627
Measured at fair value on a recurring basis | Level 1
   
Assets:    
Total fixed maturity securities 1,232,613 1,214,899
Equity securities 305,309 273,072
Other long-term investments 69,584 23,639
Short-term investments 161,989 214,295
Total investments 1,769,495 1,725,905
Cash 130,860 269,582
Assets related to separate accounts    
Variable annuity 11,162,856 9,601,417
Variable universal life 620,429 562,817
Total assets 13,683,640 12,159,721
Liabilities:    
Other liabilities 5,482 19,187
Total liabilities 5,482 19,187
Measured at fair value on a recurring basis | Level 1 | Fixed maturities
   
Assets:    
Available-for-sale securities 1,027,828 910,195
Trading securities 204,785 304,704
Measured at fair value on a recurring basis | Level 1 | U.S. government-related securities
   
Assets:    
Available-for-sale securities 1,027,622 909,988
Trading securities 204,785 304,704
Measured at fair value on a recurring basis | Level 1 | Corporate bonds
   
Assets:    
Available-for-sale securities 206 207
Measured at fair value on a recurring basis | Level 2
   
Assets:    
Total fixed maturity securities 26,683,610 27,696,104
Equity securities 35,019 35,116
Other long-term investments 58,499 58,134
Short-term investments 9,021 2,492
Total investments 26,786,149 27,791,846
Assets related to separate accounts    
Total assets 26,786,149 27,791,846
Liabilities:    
Other liabilities 182,450 27,250
Total liabilities 182,450 27,250
Measured at fair value on a recurring basis | Level 2 | Fixed maturities
   
Assets:    
Available-for-sale securities 24,214,887 25,064,150
Trading securities 2,468,723 2,631,954
Measured at fair value on a recurring basis | Level 2 | Residential mortgage-backed securities
   
Assets:    
Available-for-sale securities 1,558,177 1,839,326
Trading securities 333,246 357,803
Measured at fair value on a recurring basis | Level 2 | Commercial mortgage-backed securities
   
Assets:    
Available-for-sale securities 942,804 869,823
Trading securities 171,011 171,073
Measured at fair value on a recurring basis | Level 2 | Other asset-backed securities
   
Assets:    
Available-for-sale securities 346,516 378,870
Trading securities 89,622 87,395
Measured at fair value on a recurring basis | Level 2 | U.S. government-related securities
   
Assets:    
Available-for-sale securities 148,545 258,458
Trading securities 1,581 1,169
Measured at fair value on a recurring basis | Level 2 | States, municipals, and political subdivisions
   
Assets:    
Available-for-sale securities 1,333,415 1,439,378
Trading securities 263,675 278,898
Measured at fair value on a recurring basis | Level 2 | Other government-related securities
   
Assets:    
Available-for-sale securities 45,685 80,767
Trading securities 57,155 63,444
Measured at fair value on a recurring basis | Level 2 | Corporate bonds
   
Assets:    
Available-for-sale securities 19,839,745 20,197,528
Trading securities 1,552,433 1,672,172
Measured at fair value on a recurring basis | Level 3
   
Assets:    
Total fixed maturity securities 988,653 858,975
Equity securities 65,527 65,527
Other long-term investments 47,838 48,655
Total investments 1,102,018 973,157
Assets related to separate accounts    
Total assets 1,102,018 973,157
Liabilities:    
Annuity account balances 114,614 129,468
Other liabilities 256,776 611,437
Total liabilities 371,390 740,905
Measured at fair value on a recurring basis | Level 3 | Fixed maturities
   
Assets:    
Available-for-sale securities 809,628 788,325
Trading securities 179,025 70,650
Measured at fair value on a recurring basis | Level 3 | Residential mortgage-backed securities
   
Assets:    
Available-for-sale securities 14,062 4
Trading securities 1,582  
Measured at fair value on a recurring basis | Level 3 | Other asset-backed securities
   
Assets:    
Available-for-sale securities 576,396 596,143
Trading securities 168,851 70,535
Measured at fair value on a recurring basis | Level 3 | States, municipals, and political subdivisions
   
Assets:    
Available-for-sale securities 4,275 4,275
Trading securities 3,500  
Measured at fair value on a recurring basis | Level 3 | Other government-related securities
   
Assets:    
Available-for-sale securities 20,000 20,011
Measured at fair value on a recurring basis | Level 3 | Corporate bonds
   
Assets:    
Available-for-sale securities 194,895 167,892
Trading securities 5,092 115
Measured at fair value on a recurring basis | Total
   
Assets:    
Total fixed maturity securities 28,904,876 29,769,978
Equity securities 405,855 373,715
Other long-term investments 175,921 130,428
Short-term investments 171,010 216,787
Total investments 29,657,662 30,490,908
Cash 130,860 269,582
Assets related to separate accounts    
Variable annuity 11,162,856 9,601,417
Variable universal life 620,429 562,817
Total assets 41,571,807 40,924,724
Liabilities:    
Annuity account balances 114,614 129,468
Other liabilities 444,708 657,874
Total liabilities 559,322 787,342
Measured at fair value on a recurring basis | Total | Fixed maturities
   
Assets:    
Available-for-sale securities 26,052,343 26,762,670
Trading securities 2,852,533 3,007,308
Measured at fair value on a recurring basis | Total | Residential mortgage-backed securities
   
Assets:    
Available-for-sale securities 1,572,239 1,839,330
Trading securities 334,828 357,803
Measured at fair value on a recurring basis | Total | Commercial mortgage-backed securities
   
Assets:    
Available-for-sale securities 942,804 869,823
Trading securities 171,011 171,073
Measured at fair value on a recurring basis | Total | Other asset-backed securities
   
Assets:    
Available-for-sale securities 922,912 975,013
Trading securities 258,473 157,930
Measured at fair value on a recurring basis | Total | U.S. government-related securities
   
Assets:    
Available-for-sale securities 1,176,167 1,168,446
Trading securities 206,366 305,873
Measured at fair value on a recurring basis | Total | States, municipals, and political subdivisions
   
Assets:    
Available-for-sale securities 1,337,690 1,443,653
Trading securities 267,175 278,898
Measured at fair value on a recurring basis | Total | Other government-related securities
   
Assets:    
Available-for-sale securities 65,685 100,778
Trading securities 57,155 63,444
Measured at fair value on a recurring basis | Total | Corporate bonds
   
Assets:    
Available-for-sale securities 20,034,846 20,365,627
Trading securities $ 1,557,525 $ 1,672,287