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Reinsurance (Tables)
 12 Months Ended
Dec. 31, 2015
Reinsurance Disclosures [Abstract]  
Summary of retention limits by period of policy issuance
The following table summarizes those retention limits by period of policy issuance.
Period
 
Retention limits
April 2015 through current
 
Single life: $2 million per life
Joint life: no longer offered
April 2011 through March 2015
 
Single life: $5 million per life, $3 million age 70 and over, and $10 million for contracts that meet specific criteria
Joint life: $8 million per life, and $10 million for contracts that meet specific criteria
July 2007 through March 2011
 
$5 million per life, $3 million age 70 and over, and $10 million for contracts that meet specific criteria
September 1998 through June 2007
 
$2 million per life, in 2006 the limit was increased to $5 million for instances when specific criteria were met
August 1998 and prior
 
Up to $1 million per life
Effects of reinsurance on premiums and contract charges
The effects of reinsurance on premiums and contract charges for the years ended December 31 are as follows: 
($ in millions)
2015
 
2014
 
2013
Direct
$
728

 
$
1,084

 
$
2,093

Assumed
 
 
 
 
 
Affiliate
131

 
130

 
124

Non-affiliate
835

 
614

 
68

Ceded
 
 
 
 
 
Affiliate
(41
)
 
—

 
—

Non-affiliate
(315
)
 
(392
)
 
(618
)
Premiums and contract charges, net of reinsurance
$
1,338

 
$
1,436

 
$
1,667
Effects of reinsurance on contract benefits
The effects of reinsurance on contract benefits for the years ended December 31 are as follows:
($ in millions)
2015
 
2014
 
2013
Direct
$
1,023

 
$
1,295

 
$
1,805

Assumed
 
 
 
 
 
Affiliate
79

 
88

 
82

Non-affiliate
541

 
398

 
50

Ceded
 
 
 
 
 
Affiliate
(32
)
 
—

 
—

Non-affiliate
(205
)
 
(329
)
 
(331
)
Contract benefits, net of reinsurance
$
1,406

 
$
1,452

 
$
1,606
Effects of reinsurance on interest credited to contractholder funds
The effects of reinsurance on interest credited to contractholder funds for the years ended December 31 are as follows:
($ in millions)
2015
 
2014
 
2013
Direct
$
636

 
$
827

 
$
1,240

Assumed
 
 
 
 
 
Affiliate
10

 
9

 
9

Non-affiliate
111

 
82

 
29

Ceded
 
 
 
 
 
Affiliate
(16
)
 
—

 
—

Non-affiliate
(24
)
 
(27
)
 
(27
)
Interest credited to contractholder funds, net of reinsurance
$
717

 
$
891

 
$
1,251
Summary of reinsurance recoverables on paid and unpaid benefits
Reinsurance recoverables on paid and unpaid benefits as of December 31 are summarized in the following table.
($ in millions)
2015
 
2014
Annuities
$
1,443

 
$
1,594

Life insurance
1,348

 
910

Other
80

 
82

Total
$
2,871

 
$
2,586