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CLOSED BLOCK (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2016
Dec. 31, 2015
CLOSED BLOCK LIABILITIES:          
Future policy benefits, policyholders’ account balances and other       $ 7,179 $ 7,363
Policyholder dividend obligation $ (81) $ (201) $ (201) (52) (81)
Other liabilities       43 100
Total Closed Block liabilities       7,274 7,544
ASSETS DESIGNATED TO THE CLOSED BLOCK:          
Fixed maturities, available for sale, at fair value (amortized cost of $3,884 and $4,426)       4,025 4,599
Mortgage loans on real estate       1,623 1,575
Policy loans       839 881
Cash and other invested assets       444 49
Other assets       181 258
Total assets designated to the Closed Block       7,112 7,362
Excess of Closed Block liabilities over assets designated to the Closed Block       162 182
Amounts included in accumulated other comprehensive income (loss):          
Net unrealized investment gains (losses), net of policyholder dividend obligation of $(52) and $(81)       100 103
Maximum Future Income To Be Recognized From Closed Block Assets and Liabilities       262 285
REVENUES:          
Premiums and other income 212 236 246    
Investment income (loss) 349 368 378    
Net investment gains (losses) (1) 2 (4)    
Total revenues 560 606 620    
BENEFITS AND OTHER DEDUCTIONS:          
Policyholders’ benefits and dividends 522 550 570    
Other operating costs and expenses 4 4 4    
Total benefits and other deductions 526 554 574    
Net revenues, before income taxes 34 52 46    
Income tax (expense) benefit (12) (18) (16)    
Net Revenues (Losses) 22 34 30    
Movement in Closed Block Dividend Obligation [Roll Forward]          
Balances, beginning of year (81) (201)      
Unrealized investment gains (losses) (29) (120)      
Balances, End of year $ (52) $ (81) $ (201)    
Closed block operations, income taxes       (35) (36)
Closed block investments fixed maturity available for sale amortized cost       $ 4,426 $ 4,829