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Policyholder Account Balances, Future Policy Benefits and Claims and Separate Account Liabilities
6 Months Ended
Jun. 30, 2019
Policyholder Account Balances, Future Policy Benefits and Claims and Separate Account Liabilities  
Policyholder Account Balances, Future Policy Benefits and Claims and Separate Account Liabilities [Text Block] Policyholder Account Balances, Future Policy Benefits and Claims and Separate Account Liabilities
Policyholder account balances, future policy benefits and claims consisted of the following:
 
June 30,
2019
 
December 31,
2018
(in millions)
Policyholder account balances
 
 
 
Fixed annuities (1)
$
9,102

 
$
9,338

Variable annuity fixed sub-accounts
5,114

 
5,129

Universal life (“UL”)/variable universal life (“VUL”) insurance
3,072

 
3,063

Indexed universal life (“IUL”) insurance
1,860

 
1,728

Other life insurance
665

 
683

Total policyholder account balances
19,813

 
19,941

 
 
 
 
Future policy benefits
 
 
 
Variable annuity guaranteed minimum withdrawal benefits (“GMWB”)
1,297

 
875

Variable annuity guaranteed minimum accumulation benefits (“GMAB”) (2)
(35
)
 
(19
)
Other annuity liabilities
104

 
26

Fixed annuity life contingent liabilities
1,458

 
1,459

Life and disability income insurance
1,217

 
1,221

Long term care insurance
5,177

 
4,981

UL/VUL and other life insurance additional liabilities
975

 
749

Total future policy benefits
10,193

 
9,292

Policy claims and other policyholders’ funds
177

 
891

Total policyholder account balances, future policy benefits and claims
$
30,183

 
$
30,124


(1) Includes fixed deferred annuities, non-life contingent fixed payout annuities and indexed annuity host contracts.
(2) Includes the fair value of GMAB embedded derivatives that was a net asset as of both June 30, 2019 and December 31, 2018 reported as a contra liability.
Separate account liabilities consisted of the following:
 
June 30,
2019
 
December 31,
2018
(in millions)
Variable annuity
$
72,941

 
$
66,913

VUL insurance
7,166

 
6,451

Other insurance
30

 
29

Threadneedle investment liabilities
4,789

 
4,532

Total
$
84,926

 
$
77,925