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INVESTMENT CONTRACTS, INSURANCE LIABILITIES AND INSURANCE ANNUITY BENEFITS (Tables)
6 Months Ended
Jun. 30, 2017
Insurance [Abstract]  
Schedule of Insurance and Investment Contract Liabilities
Insurance and investment contract liabilities comprise mainly obligations to policyholders and annuitants in our run-off insurance activities.

(In millions)
June 30, 2017

December 31, 2016




Future policy benefit reserves(a)
$
19,105

$
18,741

Investment contracts
2,671

2,813

Other(b)
5,241

4,992

 
27,016

26,546

Eliminations
(545)

(460)

Total
$
26,471

$
26,086

(a)
The future policy benefit reserve is subject to an annual review to determine its adequacy. Should the liability for future policy benefits plus the present value of expected future gross premiums be insufficient to provide for the present value of expected future policy benefits and expenses, a premium deficiency would be recorded.
(b)
Substantially all unpaid claims and claims adjustment expenses and unearned premiums.