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FAIR VALUE OF FINANCIAL INSTRUMENTS - Estimated Fair Value of Financial Instruments (Details) - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Assets:    
Mortgage loans on real estate $ 6,311,822 $ 6,132,125
Policy loans 1,635,511 1,650,240
Fixed maturities, held-to-maturity 2,758,137 2,770,177
Fair Value 2,746,375 2,733,340
Liabilities:    
Stable value product account balances 3,614,225 3,501,636
Annuity account balances 10,633,964 10,642,115
Other policyholders’ funds 1,181,951 1,165,749
Debt:    
Subordinated debt securities 439,260 441,202
Non-recourse funding obligations 2,785,056 2,796,474
Golden Gate V    
Debt:    
Non-recourse funding obligations 642,599 628,025
Fixed maturities    
Assets:    
Fair Value 2,746,375 2,733,340
Level 3 | Carrying Amounts    
Assets:    
Mortgage loans on real estate 6,311,822 6,132,125
Policy loans 1,635,511 1,650,240
Liabilities:    
Stable value product account balances 3,614,225 3,501,636
Annuity account balances 216,520 221,634
Other policyholders’ funds 134,329 135,367
Debt:    
Bank borrowings 340,000 170,000
Non-recourse funding obligations 2,785,056 2,796,474
Level 3 | Carrying Amounts | Golden Gate V    
Debt:    
Non-recourse funding obligations 2,700 2,700
Level 3 | Carrying Amounts | Fixed maturities    
Assets:    
Fixed maturities, held-to-maturity 2,758,137 2,770,177
Level 3 | Fair Values    
Assets:    
Mortgage loans on real estate 6,180,585 5,930,992
Policy loans 1,635,511 1,650,240
Liabilities:    
Stable value product account balances 3,607,767 3,488,877
Annuity account balances 216,520 221,658
Other policyholders’ funds 135,090 136,127
Debt:    
Bank borrowings 340,000 170,000
Non-recourse funding obligations 2,777,508 2,765,558
Level 3 | Fair Values | Golden Gate V    
Debt:    
Non-recourse funding obligations 2,700 2,700
Level 3 | Fair Values | Fixed maturities    
Assets:    
Fair Value 2,746,375 2,733,340
Level 2 | Carrying Amounts    
Debt:    
Senior Notes 965,408 993,285
Subordinated debt securities 439,260 441,202
Level 2 | Fair Values    
Debt:    
Senior Notes 933,130 937,074
Subordinated debt securities $ 444,820 $ 443,355