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DERIVATIVE FINANCIAL INSTRUMENTS (Details) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Dec. 31, 2012
Notional amount and fair value of the entity's derivative financial instruments          
Realized investment gains (losses) - derivatives related to variable annuity contracts, gross $ (2,487,000) $ 4,628,000 $ (13,235,000) $ (36,572,000)  
Realized investment gains (losses) - derivatives, gross 143,881,000 (48,268,000) 151,266,000 (78,177,000)  
Notional Amount, Other long-term investments 6,441,180,000   6,441,180,000   6,163,061,000
Fair Value, Other long-term investments 228,155,000   228,155,000   113,364,000
Notional Amount, Other liabilities 8,525,426,000   8,525,426,000   9,672,554,000
Fair Value, Other liabilities 457,240,000   457,240,000   657,874,000
Cash posted as collateral 60,300,000   60,300,000    
Securities posted as collateral 52,300,000   52,300,000    
Cash collateral received 1,000,000   1,000,000   11,280,000
Embedded derivative - Modco reinsurance treaties
         
Notional amount and fair value of the entity's derivative financial instruments          
Fair Value, Other liabilities 249,873,000   249,873,000   411,907,000
Embedded derivative - GMWB
         
Notional amount and fair value of the entity's derivative financial instruments          
Fair Value, Other liabilities 84,582,000   84,582,000   199,530,000
Embedded derivative - FIA
         
Notional amount and fair value of the entity's derivative financial instruments          
Fair Value, Other liabilities 1,126,000   1,126,000    
Cash flow hedges. | Inflation
         
Notional amount and fair value of the entity's derivative financial instruments          
Notional Amount, Other liabilities 182,965,000   182,965,000   182,965,000
Fair Value, Other liabilities 4,429,000   4,429,000   5,027,000
Derivatives not designated as hedging instruments | Interest rate swaps
         
Notional amount and fair value of the entity's derivative financial instruments          
Realized investment gains (losses) - derivatives related to variable annuity contracts, gross (89,722,000) 5,954,000 (106,278,000) 3,826,000  
Realized investment gains (losses) - derivatives, gross 1,909,000 (2,916,000) 2,912,000 (879,000)  
Notional Amount, Other long-term investments 225,000,000   225,000,000   355,000,000
Fair Value, Other long-term investments 3,658,000   3,658,000   6,532,000
Notional Amount, Other liabilities 1,500,000,000   1,500,000,000   400,000,000
Fair Value, Other liabilities 111,748,000   111,748,000   10,025,000
Derivatives not designated as hedging instruments | Equity options
         
Notional amount and fair value of the entity's derivative financial instruments          
Realized investment gains (losses) - derivatives related to variable annuity contracts, gross (8,131,000) 3,153,000 (36,537,000) (20,719,000)  
Notional Amount, Other long-term investments 1,211,937,000   1,211,937,000   573,493,000
Fair Value, Other long-term investments 93,124,000   93,124,000   61,833,000
Notional Amount, Other liabilities 32,125,000   32,125,000    
Fair Value, Other liabilities 1,097,000   1,097,000    
Derivatives not designated as hedging instruments | Variance swaps
         
Notional amount and fair value of the entity's derivative financial instruments          
Realized investment gains (losses) - derivatives related to variable annuity contracts, gross 2,214,000 1,063,000 (8,219,000) (821,000)  
Notional Amount, Other long-term investments 1,300,000   1,300,000   500,000
Fair Value, Other long-term investments 834,000   834,000   406,000
Notional Amount, Other liabilities         2,675,000
Fair Value, Other liabilities         12,198,000
Derivatives not designated as hedging instruments | Equity futures
         
Notional amount and fair value of the entity's derivative financial instruments          
Realized investment gains (losses) - derivatives related to variable annuity contracts, gross (4,036,000) (220,000) (27,261,000) (25,319,000)  
Notional Amount, Other long-term investments 43,543,000   43,543,000   147,581,000
Fair Value, Other long-term investments 637,000   637,000   595,000
Notional Amount, Other liabilities 120,665,000   120,665,000   152,364,000
Fair Value, Other liabilities 711,000   711,000   3,316,000
Derivatives not designated as hedging instruments | Currency future
         
Notional amount and fair value of the entity's derivative financial instruments          
Realized investment gains (losses) - derivatives related to variable annuity contracts, gross (112,000) 1,764,000 7,971,000 780,000  
Notional Amount, Other long-term investments 152,545,000   152,545,000   15,944,000
Fair Value, Other long-term investments 3,258,000   3,258,000   784,000
Notional Amount, Other liabilities         131,979,000
Fair Value, Other liabilities         1,901,000
Derivatives not designated as hedging instruments | Interest rate caps
         
Notional amount and fair value of the entity's derivative financial instruments          
Realized investment gains (losses) - derivatives, gross   (351,000)   (2,515,000)  
Notional Amount, Other long-term investments         3,000,000,000
Derivatives not designated as hedging instruments | Interest rate futures
         
Notional amount and fair value of the entity's derivative financial instruments          
Realized investment gains (losses) - derivatives related to variable annuity contracts, gross (7,654,000) 69,196,000 (24,138,000) 35,790,000  
Notional Amount, Other liabilities 246,042,000   246,042,000   893,476,000
Fair Value, Other liabilities 3,674,000   3,674,000   13,970,000
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 144,998,000 (48,679,000) 161,773,000 (37,973,000)  
Notional Amount, Other long-term investments 45,580,000   45,580,000   30,244,000
Fair Value, Other long-term investments 1,069,000   1,069,000   1,330,000
Notional Amount, Other liabilities 2,610,999,000   2,610,999,000   2,655,134,000
Fair Value, Other liabilities 249,873,000   249,873,000   411,907,000
Derivatives not designated as hedging instruments | Embedded derivative - GMWB
         
Notional amount and fair value of the entity's derivative financial instruments          
Realized investment gains (losses) - derivatives related to variable annuity contracts, gross 103,315,000 (85,456,000) 183,690,000 (35,289,000)  
Notional Amount, Other long-term investments 4,136,051,000   4,136,051,000   1,640,075,000
Fair Value, Other long-term investments 99,003,000   99,003,000   30,261,000
Notional Amount, Other liabilities 3,813,083,000   3,813,083,000   5,253,961,000
Fair Value, Other liabilities 84,582,000   84,582,000   199,530,000
Derivatives not designated as hedging instruments | Other.
         
Notional amount and fair value of the entity's derivative financial instruments          
Realized investment gains (losses) - derivatives, gross (498,000) (950,000) (143,000) (238,000)  
Notional Amount, Other long-term investments 224,000   224,000   224,000
Fair Value, Other long-term investments 319,000   319,000   253,000
Derivatives not designated as hedging instruments | Embedded derivative - FIA
         
Notional amount and fair value of the entity's derivative financial instruments          
Realized investment gains (losses) - derivatives, gross (41,000)   (41,000)    
Notional Amount, Other liabilities 19,547,000   19,547,000    
Fair Value, Other liabilities 1,126,000   1,126,000    
Derivatives not designated as hedging instruments | Volatility futures
         
Notional amount and fair value of the entity's derivative financial instruments          
Realized investment gains (losses) - derivatives related to variable annuity contracts, gross   343,000   (132,000)  
Positions held 0   0    
Derivatives not designated as hedging instruments | Interest rate swaptions
         
Notional amount and fair value of the entity's derivative financial instruments          
Realized investment gains (losses) - derivatives related to variable annuity contracts, gross 1,639,000 8,831,000 (2,463,000) 5,312,000  
Notional Amount, Other long-term investments 625,000,000   625,000,000   400,000,000
Fair Value, Other long-term investments $ 26,253,000   $ 26,253,000   $ 11,370,000