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INSURANCE LIABILITIES AND ANNUITY BENEFITS (Tables)
9 Months Ended
Sep. 30, 2023
Insurance [Abstract]  
Schedule of Insurance and Investment Contract Liabilities A summary of our insurance liabilities and annuity benefits is presented below:
September 30, 2023
Long-term careStructured settlement annuitiesLifeOther contractsTotal
Future policy benefit reserves
$23,801 $8,534 $1,040 $405 $33,780 
Investment contracts
— 812 — 782 1,594 
Other
— — 172286 458 
Total
$23,801 $9,346 $1,212 $1,473 $35,832 
December 31, 2022
Future policy benefit reserves
$24,256 $8,860 $1,040 $437 $34,593 
Investment contracts
— 860 — 849 1,708 
Other
— — 178 365 544 
Total
$24,256 $9,720 $1,218 $1,651 $36,845 
Summary of Future Policy Benefits
The following tables summarize balances of and changes in future policy benefits reserves.

September 30, 2023September 30, 2022
Present value of expected net premiumsLong-term careStructured settlement annuitiesLifeLong-term careStructured settlement annuitiesLife
Balance, beginning of year$4,059 $— $4,828 $5,652 $— $6,622 
Beginning balance at locked-in discount rate3,958 — 5,210 4,451 — 5,443 
Effect of changes in cash flow assumptions(9)— (77)(3)— 91 
Effect of actual variances from expected experience(42)— (286)(259)— (14)
Adjusted beginning of year balance3,908 — 4,847 4,189 — 5,520 
Interest accrual 157 — 148 170 — 153 
Net premiums collected(296)— (220)(321)— (252)
Effect of foreign currency— — 11 — — (209)
Ending balance at locked-in discount rate3,768 — 4,786 4,038 — 5,212 
Effect of changes in discount rate assumptions43 — (500)32 — (410)
Balance, end of period$3,811 $— $4,286 $4,070 $— $4,802 
Present value of expected future policy benefits
Balance, beginning of year$28,316 $8,860 $5,868 $40,296 $12,328 $7,923 
Beginning balance at locked-in discount rate27,026 8,790 6,247 27,465 9,024 6,560 
Effect of changes in cash flow assumptions(41)(16)49 (392)(23)120 
Effect of actual variances from expected experience(79)18 (254)(344)(3)
Adjusted beginning of year balance26,906 8,792 6,042 26,729 8,998 6,689 
Interest accrual1,091 342 177 1,089 355 184 
Benefit payments(947)(511)(396)(855)(510)(399)
Effect of foreign currency— — 12 — — (220)
Ending balance at locked-in discount rate27,050 8,623 5,835 26,962 8,843 6,254 
Effect of changes in discount rate assumptions562 (89)(509)610 (81)(417)
Balance, end of period$27,612 $8,534 $5,326 $27,572 $8,762 $5,837 
Net future policy benefit reserves$23,801 $8,534 $1,040 $23,503 $8,762 $1,035 
Less: Reinsurance recoverables, net of allowance for credit losses(133)— (39)(2,869)— (66)
Net future policy benefit reserves, after reinsurance recoverables$23,668 $8,534 $1,001 $20,634 $8,762 $969 
The following table provides the amount of undiscounted and discounted expected future gross premiums and expected future benefits and expenses.
September 30, 2023September 30, 2022
Undiscounted
Discounted(a)
UndiscountedDiscounted(a)
Long-term care:
Gross premiums
$7,522 $4,656 $8,057 $4,858 
Benefit payments63,406 27,612 65,620 27,572 
Structured settlement annuities:Benefit payments19,480 8,534 20,122 8,762 
Life: Gross premiums12,387 5,144 13,786 5,905 
Benefit payments11,214 5,326 12,023 5,837 
(a) Determined using the current discount rate as of September 30, 2023 and 2022.
The following table provides the weighted-average durations of and weighted-average interest rates for the liability for future policy benefits.
September 30, 2023September 30, 2022
Long-term careStructured settlement annuitiesLifeLong-term careStructured settlement annuitiesLife
Duration (years)(a)
12.310.55.313.010.75.1
Interest accretion rate5.5%5.4%4.9%5.5%5.4%4.9%
Current discount rate5.8%5.7%5.6%5.7%5.7%5.5%
(a) Determined using the current discount rate as of September 30 2023 and 2022.