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DERIVATIVE FINANCIAL INSTRUMENTS (Details) (USD $)
In Thousands, unless otherwise specified
 3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Dec. 31, 2013
Notional amount and fair value of the entity's derivative financial instruments          
Realized investment gains (losses) - derivatives, gross $ (36,620) $ 66,591 $ (76,194) $ 70,198  
Notional Amount, Other long-term investments 6,896,737   6,896,737   5,685,338
Fair Value, Other long-term investments 209,688   209,688   210,320
Notional Amount, Other liabilities 7,180,006   7,180,006   6,196,027
Fair Value, Other liabilities 550,743   550,743   455,161
PLC
          
Notional amount and fair value of the entity's derivative financial instruments          
Number of portfolio maintenance agreements 2   2    
Derivatives not designated as hedging instruments
          
Notional amount and fair value of the entity's derivative financial instruments          
Realized investment gains (losses) - derivatives related to variable annuity contracts, gross 20,685 (70,026) 38,164 (80,774)  
Realized investment gains (losses) - derivatives related to FIA contracts, gross (4,710) (60) (1,638) (60)  
Realized investment gains (losses) - derivatives, gross (36,620) 66,591 (76,194) 70,198  
Derivatives not designated as hedging instruments | Interest rate futures
          
Notional amount and fair value of the entity's derivative financial instruments          
Realized investment gains (losses) - derivatives related to variable annuity contracts, gross 6,548 (7,654) 10,798 (24,138)  
Notional Amount, Other long-term investments 283,629   283,629    
Fair Value, Other long-term investments 1,510   1,510    
Notional Amount, Other liabilities 71,714   71,714   322,902
Fair Value, Other liabilities 37   37   5,221
Derivatives not designated as hedging instruments | Equity futures
          
Notional amount and fair value of the entity's derivative financial instruments          
Realized investment gains (losses) - derivatives related to variable annuity contracts, gross (7,259) (4,036) (9,910) (27,261)  
Realized investment gains (losses) - derivatives related to FIA contracts, gross 605   950    
Notional Amount, Other long-term investments 46,915   46,915   3,387
Fair Value, Other long-term investments 379   379   111
Notional Amount, Other liabilities 102,891   102,891   164,595
Fair Value, Other liabilities 1,443   1,443   6,595
Derivatives not designated as hedging instruments | Currency futures
          
Notional amount and fair value of the entity's derivative financial instruments          
Realized investment gains (losses) - derivatives related to variable annuity contracts, gross (2,887) (112) (4,165) 7,971  
Notional Amount, Other long-term investments         14,338
Fair Value, Other long-term investments         321
Notional Amount, Other liabilities 138,916   138,916   118,008
Fair Value, Other liabilities 2,364   2,364   840
Derivatives not designated as hedging instruments | Volatility futures
          
Notional amount and fair value of the entity's derivative financial instruments          
Positions held 0   0    
Realized investment gains (losses) - derivatives related to FIA contracts, gross 8   8    
Derivatives not designated as hedging instruments | Variance swaps
          
Notional amount and fair value of the entity's derivative financial instruments          
Realized investment gains (losses) - derivatives related to variable annuity contracts, gross (823) 2,214 (2,673) (8,219)  
Notional Amount, Other liabilities 1,100   1,100   1,500
Fair Value, Other liabilities 3,782   3,782   1,744
Derivatives not designated as hedging instruments | Equity options
          
Notional amount and fair value of the entity's derivative financial instruments          
Realized investment gains (losses) - derivatives related to variable annuity contracts, gross (20,949) (8,131) (33,290) (36,537)  
Realized investment gains (losses) - derivatives related to FIA contracts, gross 2,984 (19) 3,978 (19)  
Notional Amount, Other long-term investments 2,051,427   2,051,427   1,376,205
Fair Value, Other long-term investments 120,586   120,586   78,277
Notional Amount, Other liabilities 475,155   475,155   257,065
Fair Value, Other liabilities 32,726   32,726   17,558
Derivatives not designated as hedging instruments | Interest rate swaptions
          
Notional amount and fair value of the entity's derivative financial instruments          
Realized investment gains (losses) - derivatives related to variable annuity contracts, gross (4,998) 1,639 (14,401) (2,463)  
Notional Amount, Other long-term investments 625,000   625,000   625,000
Fair Value, Other long-term investments 15,890   15,890   30,291
Derivatives not designated as hedging instruments | Interest rate swaps
          
Notional amount and fair value of the entity's derivative financial instruments          
Positions held 0   0    
Realized investment gains (losses) - derivatives related to variable annuity contracts, gross 45,169 (89,722) 102,537 (106,278)  
Realized investment gains (losses) - derivatives, gross   1,909   2,912  
Notional Amount, Other long-term investments 295,000   295,000   200,000
Fair Value, Other long-term investments 3,681   3,681   1,961
Notional Amount, Other liabilities 1,180,000   1,180,000   1,230,000
Fair Value, Other liabilities 59,968   59,968   153,322
Derivatives not designated as hedging instruments | Embedded derivative - GMWB
          
Notional amount and fair value of the entity's derivative financial instruments          
Realized investment gains (losses) - derivatives related to variable annuity contracts, gross (13,147) 25,939 (40,462) 106,314  
Notional Amount, Other long-term investments 2,074,463   2,074,463   1,921,443
Fair Value, Other long-term investments 63,865   63,865   95,376
Notional Amount, Other liabilities 621,178   621,178   104,180
Fair Value, Other liabilities 10,445   10,445   1,496
Derivatives not designated as hedging instruments | Funds Withheld derivative
          
Notional amount and fair value of the entity's derivative financial instruments          
Realized investment gains (losses) - derivatives related to variable annuity contracts, gross 19,031 9,837 29,730 9,837  
Notional Amount, Other liabilities 1,285,614   1,285,614   991,568
Fair Value, Other liabilities 50,092   50,092   34,251
Derivatives not designated as hedging instruments | Embedded derivative - Modco reinsurance treaties
          
Notional amount and fair value of the entity's derivative financial instruments          
Realized investment gains (losses) - derivatives, gross (52,202) 144,998 (112,371) 161,773  
Notional Amount, Other long-term investments 30,105   30,105   80,376
Fair Value, Other long-term investments 1,226   1,226   1,517
Notional Amount, Other liabilities 2,591,360   2,591,360   2,578,590
Fair Value, Other liabilities 318,999   318,999   206,918
Derivatives not designated as hedging instruments | Embedded derivative - FIA
          
Notional amount and fair value of the entity's derivative financial instruments          
Realized investment gains (losses) - derivatives related to FIA contracts, gross (8,307) (41) (6,574) (41)  
Notional Amount, Other liabilities 527,698   527,698   244,424
Fair Value, Other liabilities 69,615   69,615   25,324
Derivatives not designated as hedging instruments | Embedded derivative - IUL
          
Notional amount and fair value of the entity's derivative financial instruments          
Realized investment gains (losses) - derivatives, gross (285)   (285)    
Notional Amount, Other liabilities 1,057   1,057    
Fair Value, Other liabilities 610   610    
Derivatives not designated as hedging instruments | Derivatives with PLC
          
Notional amount and fair value of the entity's derivative financial instruments          
Realized investment gains (losses) - derivatives, gross 33 (9,751) 138 (13,529)  
Notional Amount, Other long-term investments 1,489,606   1,489,606   1,464,164
Fair Value, Other long-term investments 2,131   2,131   1,993
Derivatives not designated as hedging instruments | Other derivatives
          
Notional amount and fair value of the entity's derivative financial instruments          
Realized investment gains (losses) - derivatives, gross (141) (479) (202) (124)  
Notional Amount, Other long-term investments 592   592   425
Fair Value, Other long-term investments 420   420   473
Notional Amount, Other liabilities 358   358   230
Fair Value, Other liabilities 38   38   27
Derivatives not designated as hedging instruments | Volatility options
          
Notional amount and fair value of the entity's derivative financial instruments          
Positions held 0   0    
Derivatives not designated as hedging instruments | Interest rate caps
          
Notional amount and fair value of the entity's derivative financial instruments          
Positions held 0   0    
Cash flow hedges | Inflation
          
Notional amount and fair value of the entity's derivative financial instruments          
Notional Amount, Other liabilities 182,965   182,965   182,965
Fair Value, Other liabilities $ 624   $ 624   $ 1,865