Other Policyholder Funds and Benefits Payable

3 Months Ended

Mar. 31, 2023

Insurance Loss Reserves [Abstract]

Policyholder Account Balance Disclosure [Text Block]

11. OTHER POLICYHOLDER FUNDS AND BENEFITS PAYABLE

Other policyholder funds and benefits payable of $647 and $677 as of March 31, 2023 and 2022 respectively, include universal life long-duration contacts of $231 and $250 as well as policyholder balances related to short-duration contracts of $416 and $427. The universal life long-duration contacts presented in the table below were economically ceded to Prudential as part of the sale of the Company's former individual life business, which closed in 2013.

Universal Life Long Duration Contracts Rollforward
	For the three months ended March 31,
	2023			2022
Balance, beginning of year	$	232		$	253
Premiums Received	3			4
Policy Charges	(5)			(6)
Surrenders and Withdrawals	(1)			(1)
Benefit Payments	(1)			(3)
Interest Credited	3			3
Balance, End of Year	$	231		$	250
Weighted-average crediting rate	4.2		%	4.2		%
Net Amount at Risk [1]	$	966		$	1,050
Cash Surrender Value	$	229		$	247

[1]Net amount at risk is defined as the current death benefit in excess of the current account value as of the balance sheet date.

As of March 31, 2023 and 2022, universal life contracts of $229 and $248, respectively, had crediting rates at their guaranteed minimums ranging from 4%-5%