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STATEMENTS OF EARNINGS (LOSS) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
REVENUES [Abstract]      
Universal life and investment-type product policy fee income $ 117 $ 123 $ 122
Premiums 32 42 39
Total net investment income (loss) 110 116 119
Investment gains (losses), net: [Abstract]      
Total other-than-temporary impairment losses (7) (2) (56)
Portion of loss recognized in other comprehensive income (loss) 0 0 2
Net impariment losses recognized (7) (2) (54)
Other investment gains (losses), net 2 1 6
Total Investment (gains) losses, net (5) (1) (48)
Other income 7 4 8
Increase (decrease) in the fair value of the reinsurance contract asset (2) 7 1
Total revenues 259 291 241
BENEFITS AND OTHER DEDUCTIONS [Abstract]      
Policyholders benefits 103 96 93
Interest credited to policyholders' account balances 61 61 68
Compensation and benefits 25 30 32
Commissions 38 33 27
Interest expense   0 1
Amortization of deferred policy acquisition costs and value of business acquired (27) (12) 41
Capitalization of deferred policy acquisition costs (31) (25) (21)
Rent expense 2 3 3
Other operating costs and expenses 44 29 27
Total benefits and other deductions 215 215 271
Earnings (loss), before income taxes 44 76 (30)
Income tax (expense) benefit (6) 1 11
Net earnings (loss) $ 38 $ 77 $ (19)