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DEFERRED POLICY ACQUISITION COSTS AND VALUE OF BUSINESS ACQUIRED (Details) (USD $)
In Thousands, unless otherwise specified
2 Months Ended 3 Months Ended 1 Months Ended 12 Months Ended
Mar. 31, 2015
Mar. 31, 2015
Jan. 31, 2015
Dec. 31, 2014
Balances and changes in DAC        
Capitalization of commissions, sales, and issue expenses $ 49,191pl_DeferredPolicyAcquisitionCostsAdditionsExcludingUnrealizedInvestmentGainsAndLosses      
Amortization (1,789)us-gaap_DeferredPolicyAcquisitionCostAmortizationExpense      
Balance, end of period 47,402us-gaap_DeferredPolicyAcquisitionCosts 47,402us-gaap_DeferredPolicyAcquisitionCosts    
Balances and changes in VOBA        
Balance, beginning of period 1,276,886us-gaap_ValueOfBusinessAcquiredVOBA      
Amortization (26,108)us-gaap_PresentValueOfFutureInsuranceProfitsAmortizationExpense1      
Change in unrealized gains and losses 16,467pl_PresentValueOfFutureInsuranceProfitsUnrealizedInvestmentGainsLosses      
Balance, end of period 1,267,245us-gaap_ValueOfBusinessAcquiredVOBA 1,267,245us-gaap_ValueOfBusinessAcquiredVOBA    
Expected amortization of VOBA for the next five years        
2015   111,617us-gaap_ExpectedAmortizationExpenseOfEndingPresentValueOfFutureInsuranceProfitsYearOne    
2016   141,346us-gaap_ExpectedAmortizationExpenseOfEndingPresentValueOfFutureInsuranceProfitsYearTwo    
2017   131,356us-gaap_ExpectedAmortizationExpenseOfEndingPresentValueOfFutureInsuranceProfitsYearThree    
2018   116,146us-gaap_ExpectedAmortizationExpenseOfEndingPresentValueOfFutureInsuranceProfitsYearFour    
2019   97,272us-gaap_ExpectedAmortizationExpenseOfEndingPresentValueOfFutureInsuranceProfitsYearFive    
Predecessor        
Balances and changes in DAC        
Balance, beginning of period   2,647,980us-gaap_DeferredPolicyAcquisitionCosts
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
2,647,980us-gaap_DeferredPolicyAcquisitionCosts
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
2,721,687us-gaap_DeferredPolicyAcquisitionCosts
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Capitalization of commissions, sales, and issue expenses     22,513pl_DeferredPolicyAcquisitionCostsAdditionsExcludingUnrealizedInvestmentGainsAndLosses
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
288,592pl_DeferredPolicyAcquisitionCostsAdditionsExcludingUnrealizedInvestmentGainsAndLosses
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Amortization     1,117us-gaap_DeferredPolicyAcquisitionCostAmortizationExpense
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
(195,605)us-gaap_DeferredPolicyAcquisitionCostAmortizationExpense
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Change in unrealized investment gains and losses     (96,830)pl_DeferredPolicyAcquisitionCostsIncreaseDecreaseInUnrealizedInvestmentGainsAndLosses
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
(166,694)pl_DeferredPolicyAcquisitionCostsIncreaseDecreaseInUnrealizedInvestmentGainsAndLosses
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Balance, end of period     2,574,780us-gaap_DeferredPolicyAcquisitionCosts
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
2,647,980us-gaap_DeferredPolicyAcquisitionCosts
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Balances and changes in VOBA        
Balance, beginning of period   646,590us-gaap_ValueOfBusinessAcquiredVOBA
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
646,590us-gaap_ValueOfBusinessAcquiredVOBA
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
848,528us-gaap_ValueOfBusinessAcquiredVOBA
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Amortization     (5,189)us-gaap_PresentValueOfFutureInsuranceProfitsAmortizationExpense1
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
(61,704)us-gaap_PresentValueOfFutureInsuranceProfitsAmortizationExpense1
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Change in unrealized gains and losses     (79,418)pl_PresentValueOfFutureInsuranceProfitsUnrealizedInvestmentGainsLosses
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
(140,234)pl_PresentValueOfFutureInsuranceProfitsUnrealizedInvestmentGainsLosses
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Balance, end of period     $ 561,983us-gaap_ValueOfBusinessAcquiredVOBA
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
$ 646,590us-gaap_ValueOfBusinessAcquiredVOBA
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember