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DERIVATIVE FINANCIAL INSTRUMENTS (Details) - USD ($)
$ in Thousands
1 Months Ended 2 Months Ended 3 Months Ended
Jan. 31, 2015
Mar. 31, 2015
Mar. 31, 2016
Dec. 31, 2015
Derivatives not designated as hedging instruments | Currency futures        
Notional amount and fair value of the entity's derivative financial instruments        
Notional Amount, Other liabilities       $ 46,692
Fair Value, Other liabilities       1,115
Derivatives not designated as hedging instruments | Interest rate futures        
Notional amount and fair value of the entity's derivative financial instruments        
Notional Amount, Other liabilities       793,763
Fair Value, Other liabilities       1,539
Successor        
Notional amount and fair value of the entity's derivative financial instruments        
Realized investment gains (losses) - derivatives, gross   $ 33,641 $ (73,499)  
Fair Value, Other long-term investments     458,028 352,016
Successor | Embedded derivative - GMWB        
Notional amount and fair value of the entity's derivative financial instruments        
Fair Value, Other long-term investments     66,414 95,614
Successor | Embedded derivative - Modco reinsurance treaties        
Notional amount and fair value of the entity's derivative financial instruments        
Fair Value, Other long-term investments     282 1,215
Successor | Derivatives not designated as hedging instruments        
Notional amount and fair value of the entity's derivative financial instruments        
Realized investment gains (losses) - derivatives, gross   33,641 (73,499)  
Notional Amount, Other long-term investments     9,728,299 8,464,570
Fair Value, Other long-term investments     458,028 352,016
Notional Amount, Other liabilities     22,211,147 12,935,706
Fair Value, Other liabilities     858,429 629,555
Successor | Derivatives not designated as hedging instruments | Annuity account        
Notional amount and fair value of the entity's derivative financial instruments        
Realized investment gains (losses) - derivatives, gross   (1,013) (7,773)  
Successor | Derivatives not designated as hedging instruments | FIA        
Notional amount and fair value of the entity's derivative financial instruments        
Realized investment gains (losses) - derivatives, gross   1,980 (6,342)  
Successor | Derivatives not designated as hedging instruments | IUL        
Notional amount and fair value of the entity's derivative financial instruments        
Realized investment gains (losses) - derivatives, gross   411 (984)  
Successor | Derivatives not designated as hedging instruments | Interest rate futures | Annuity account        
Notional amount and fair value of the entity's derivative financial instruments        
Realized investment gains (losses) - derivatives, gross   (48) 37,801  
Successor | Derivatives not designated as hedging instruments | Equity futures        
Notional amount and fair value of the entity's derivative financial instruments        
Notional Amount, Other long-term investments     77,742 262,485
Fair Value, Other long-term investments     2,024 1,275
Notional Amount, Other liabilities     448,775 233,412
Fair Value, Other liabilities     11,241 2,599
Successor | Derivatives not designated as hedging instruments | Equity futures | Annuity account        
Notional amount and fair value of the entity's derivative financial instruments        
Realized investment gains (losses) - derivatives, gross   (32,469) (3,228)  
Successor | Derivatives not designated as hedging instruments | Equity futures | FIA        
Notional amount and fair value of the entity's derivative financial instruments        
Realized investment gains (losses) - derivatives, gross   184 1,382  
Successor | Derivatives not designated as hedging instruments | Equity futures | IUL        
Notional amount and fair value of the entity's derivative financial instruments        
Realized investment gains (losses) - derivatives, gross   14 (219)  
Successor | Derivatives not designated as hedging instruments | Currency futures        
Notional amount and fair value of the entity's derivative financial instruments        
Notional Amount, Other long-term investments     0 226,936
Fair Value, Other long-term investments     0 2,499
Notional Amount, Other liabilities     295,140  
Fair Value, Other liabilities     5,411  
Successor | Derivatives not designated as hedging instruments | Currency futures | Annuity account        
Notional amount and fair value of the entity's derivative financial instruments        
Realized investment gains (losses) - derivatives, gross   6,137 (6,158)  
Successor | Derivatives not designated as hedging instruments | Volatility futures | FIA        
Notional amount and fair value of the entity's derivative financial instruments        
Realized investment gains (losses) - derivatives, gross   4 0  
Successor | Derivatives not designated as hedging instruments | Equity options        
Notional amount and fair value of the entity's derivative financial instruments        
Notional Amount, Other long-term investments     2,119,043 2,198,340
Fair Value, Other long-term investments     211,084 179,458
Notional Amount, Other liabilities     1,122,701 1,205,204
Fair Value, Other liabilities     35,247 22,167
Successor | Derivatives not designated as hedging instruments | Equity options | Annuity account        
Notional amount and fair value of the entity's derivative financial instruments        
Realized investment gains (losses) - derivatives, gross   (21,774) 16,304  
Successor | Derivatives not designated as hedging instruments | Equity options | FIA        
Notional amount and fair value of the entity's derivative financial instruments        
Realized investment gains (losses) - derivatives, gross   4,375 (5,562)  
Successor | Derivatives not designated as hedging instruments | Equity options | IUL        
Notional amount and fair value of the entity's derivative financial instruments        
Realized investment gains (losses) - derivatives, gross   140 (27)  
Successor | Derivatives not designated as hedging instruments | Interest rate swaptions        
Notional amount and fair value of the entity's derivative financial instruments        
Notional Amount, Other long-term investments     225,000 225,000
Fair Value, Other long-term investments     1,430 3,663
Successor | Derivatives not designated as hedging instruments | Interest rate swaptions | Annuity account        
Notional amount and fair value of the entity's derivative financial instruments        
Realized investment gains (losses) - derivatives, gross   (11,328) (2,234)  
Successor | Derivatives not designated as hedging instruments | Interest rate swaps        
Notional amount and fair value of the entity's derivative financial instruments        
Notional Amount, Other long-term investments     1,640,000 1,435,000
Fair Value, Other long-term investments     176,238 66,408
Notional Amount, Other liabilities     270,000 475,000
Fair Value, Other liabilities     2,256 16,579
Successor | Derivatives not designated as hedging instruments | Interest rate swaps | Annuity account        
Notional amount and fair value of the entity's derivative financial instruments        
Realized investment gains (losses) - derivatives, gross   (54,791) 125,593  
Successor | Derivatives not designated as hedging instruments | Embedded derivative - GMWB        
Notional amount and fair value of the entity's derivative financial instruments        
Notional Amount, Other long-term investments     5,424,999 3,769,601
Fair Value, Other long-term investments     66,414 95,614
Notional Amount, Other liabilities     15,338,447 6,539,658
Fair Value, Other liabilities     423,888 277,236
Successor | Derivatives not designated as hedging instruments | Embedded derivative - GMWB | Annuity account        
Notional amount and fair value of the entity's derivative financial instruments        
Realized investment gains (losses) - derivatives, gross   113,260 (175,851)  
Successor | Derivatives not designated as hedging instruments | Embedded derivative - FIA        
Notional amount and fair value of the entity's derivative financial instruments        
Notional Amount, Other liabilities     1,224,245 1,110,790
Fair Value, Other liabilities     113,552 100,329
Successor | Derivatives not designated as hedging instruments | Embedded derivative - FIA | FIA        
Notional amount and fair value of the entity's derivative financial instruments        
Realized investment gains (losses) - derivatives, gross   (2,583) (2,162)  
Successor | Derivatives not designated as hedging instruments | Embedded derivative - IUL        
Notional amount and fair value of the entity's derivative financial instruments        
Notional Amount, Other liabilities     67,518 57,760
Fair Value, Other liabilities     37,997 29,629
Successor | Derivatives not designated as hedging instruments | Embedded derivative - IUL | IUL        
Notional amount and fair value of the entity's derivative financial instruments        
Realized investment gains (losses) - derivatives, gross   257 (738)  
Successor | Derivatives not designated as hedging instruments | Embedded derivative - Modco reinsurance treaties        
Notional amount and fair value of the entity's derivative financial instruments        
Realized investment gains (losses) - derivatives, gross   32,191 (58,355)  
Notional Amount, Other long-term investments     64,309 64,593
Fair Value, Other long-term investments     282 1,215
Notional Amount, Other liabilities     2,469,802 2,473,427
Fair Value, Other liabilities     226,344 178,362
Successor | Derivatives not designated as hedging instruments | Other derivatives        
Notional amount and fair value of the entity's derivative financial instruments        
Realized investment gains (losses) - derivatives, gross   $ 72 (45)  
Notional Amount, Other long-term investments     298 242
Fair Value, Other long-term investments     305 347
Successor | Derivatives not designated as hedging instruments | Interest rate futures        
Notional amount and fair value of the entity's derivative financial instruments        
Notional Amount, Other long-term investments     176,908 282,373
Fair Value, Other long-term investments     251 $ 1,537
Notional Amount, Other liabilities     974,519  
Fair Value, Other liabilities     $ 2,493  
Predecessor        
Notional amount and fair value of the entity's derivative financial instruments        
Realized investment gains (losses) - derivatives, gross $ (123,274)      
Predecessor | Derivatives not designated as hedging instruments        
Notional amount and fair value of the entity's derivative financial instruments        
Realized investment gains (losses) - derivatives, gross (123,274)      
Predecessor | Derivatives not designated as hedging instruments | Annuity account        
Notional amount and fair value of the entity's derivative financial instruments        
Realized investment gains (losses) - derivatives, gross (53,581)      
Predecessor | Derivatives not designated as hedging instruments | FIA        
Notional amount and fair value of the entity's derivative financial instruments        
Realized investment gains (losses) - derivatives, gross (1,032)      
Predecessor | Derivatives not designated as hedging instruments | IUL        
Notional amount and fair value of the entity's derivative financial instruments        
Realized investment gains (losses) - derivatives, gross (598)      
Predecessor | Derivatives not designated as hedging instruments | Interest rate futures | Annuity account        
Notional amount and fair value of the entity's derivative financial instruments        
Realized investment gains (losses) - derivatives, gross 1,413      
Predecessor | Derivatives not designated as hedging instruments | Equity futures | Annuity account        
Notional amount and fair value of the entity's derivative financial instruments        
Realized investment gains (losses) - derivatives, gross 9,221      
Predecessor | Derivatives not designated as hedging instruments | Equity futures | FIA        
Notional amount and fair value of the entity's derivative financial instruments        
Realized investment gains (losses) - derivatives, gross (184)      
Predecessor | Derivatives not designated as hedging instruments | Equity futures | IUL        
Notional amount and fair value of the entity's derivative financial instruments        
Realized investment gains (losses) - derivatives, gross 3      
Predecessor | Derivatives not designated as hedging instruments | Currency futures | Annuity account        
Notional amount and fair value of the entity's derivative financial instruments        
Realized investment gains (losses) - derivatives, gross 7,778      
Predecessor | Derivatives not designated as hedging instruments | Volatility futures | FIA        
Notional amount and fair value of the entity's derivative financial instruments        
Realized investment gains (losses) - derivatives, gross 0      
Predecessor | Derivatives not designated as hedging instruments | Equity options | Annuity account        
Notional amount and fair value of the entity's derivative financial instruments        
Realized investment gains (losses) - derivatives, gross 3,047      
Predecessor | Derivatives not designated as hedging instruments | Equity options | FIA        
Notional amount and fair value of the entity's derivative financial instruments        
Realized investment gains (losses) - derivatives, gross (2,617)      
Predecessor | Derivatives not designated as hedging instruments | Equity options | IUL        
Notional amount and fair value of the entity's derivative financial instruments        
Realized investment gains (losses) - derivatives, gross (115)      
Predecessor | Derivatives not designated as hedging instruments | Interest rate swaptions | Annuity account        
Notional amount and fair value of the entity's derivative financial instruments        
Realized investment gains (losses) - derivatives, gross 9,268      
Predecessor | Derivatives not designated as hedging instruments | Interest rate swaps | Annuity account        
Notional amount and fair value of the entity's derivative financial instruments        
Realized investment gains (losses) - derivatives, gross 122,710      
Predecessor | Derivatives not designated as hedging instruments | Embedded derivative - GMWB | Annuity account        
Notional amount and fair value of the entity's derivative financial instruments        
Realized investment gains (losses) - derivatives, gross (207,018)      
Predecessor | Derivatives not designated as hedging instruments | Embedded derivative - FIA | FIA        
Notional amount and fair value of the entity's derivative financial instruments        
Realized investment gains (losses) - derivatives, gross 1,769      
Predecessor | Derivatives not designated as hedging instruments | Embedded derivative - IUL | IUL        
Notional amount and fair value of the entity's derivative financial instruments        
Realized investment gains (losses) - derivatives, gross (486)      
Predecessor | Derivatives not designated as hedging instruments | Embedded derivative - Modco reinsurance treaties        
Notional amount and fair value of the entity's derivative financial instruments        
Realized investment gains (losses) - derivatives, gross (68,026)      
Predecessor | Derivatives not designated as hedging instruments | Other derivatives        
Notional amount and fair value of the entity's derivative financial instruments        
Realized investment gains (losses) - derivatives, gross $ (37)