Retirement and Deferred Compensation Plans	12 Months Ended
	Dec. 31, 2021
Retirement and Deferred Compensation Plans [Abstract]
Retirement and Deferred Compensation Plans	17. Retirement and Deferred Compensation Plans Defined Benefit Pension and Other Postretirement Benefit Plans We maintain defined benefit pension plans in which certain agents are participants. These defined benefit pension plans are closed to new entrants and existing participants do not accrue any additional benefits. We comply with applicable minimum funding requirements. In accordance with such practice, we were not required to make contributions for the years ended December 31, 2021 and 2020. We do not expect to be required to make any contributions to these pension plans in 2022. We sponsor other postretirement benefit plans that provide health care and life insurance to certain retired agents. Total net periodic cost (recovery) for these plans was $1 million, $4 million and $6 million during 2021, 2020 and 2019, respectively, which was reported within commissions and other expenses on our Consolidated Statements of Comprehensive Income (Loss). In 2022, we expect the plans to make benefit payments of approximately $11 million. Information (in millions) with respect to these plans was as follows: As of or For the Years Ended December 31, 2021 2020 2021 2020 Other Postretirement Pension Plans Benefit Plans Fair value of plan assets$ 108 $ 115 $ 8 $ 8 Projected benefit obligation 107 116 9 10 Funded status $ 1 $ (1)$ (1)$ (2) Amounts Recognized on the Consolidated Balance Sheets Other assets$ 4 $ - $ - $ - Other liabilities (3) (1) (1) (2) Net amount recognized$ 1 $ (1)$ (1)$ (2) Weighted-Average Assumptions Benefit obligations: Weighted-average discount rate 3.07% 2.95% 3.10% 2.96% Net periodic benefit cost: Weighted-average discount rate 2.95% 3.50% 2.96% 3.50% Expected return on plan assets 4.25% 4.25% 6.50% 6.50% The weighted average discount rate was determined based on a corporate yield curve as of December 31, 2021, and projected benefit obligation cash flows. The expected return on plan assets was determined based on historical and expected future returns of the various asset categories, using the plans’ target plan allocation. We reevaluate these assumptions each plan year. The following summarizes our fair value measurements of our benefit plans’ assets (in millions) on a recurring basis by asset category: As of December 31, 2021 2020 Fixed maturity securities: Corporate bonds$ 49 $ 12 U.S. government bonds 20 67 CMBS 2 - Common stock 32 - Cash and invested cash 5 36 Other investments 8 8 Total $ 116 $ 123 Participation in Defined Benefit Pension and Other Postretirement Benefit Plans We participate in defined benefit pension plans that are sponsored by LNC for certain employees and non-employee directors. These defined benefit pension plans are closed to new entrants, and existing participants do not accrue any additional benefits. We also participate in other postretirement benefit plans sponsored by LNC that provide health care and life insurance to certain retired employees. Our expense (benefit) for these plans was $(28) million, $(9) million and $10 million for the years ended December 31, 2021, 2020 and 2019, respectively. Defined Contribution Plans We sponsor tax-qualified defined contribution plans for eligible agents that are administered in accordance with the plan documents and various limitations under section 401(a) of the Internal Revenue Code of 1986. We also participate in defined contribution plans sponsored by LNC for eligible employees. Our expense for these plans was $104 million, $97 million and $101 million, for the years ended December 31, 2021, 2020 and 2019, respectively. Deferred Compensation Plans We sponsor non-qualified, unfunded, deferred compensation plans for certain current and former agents. Certain current employees participate in non-qualified, unfunded, deferred compensation plans sponsored by LNC. The results of certain notional investment options within some of the plans are hedged by total return swaps. Our expenses increase or decrease in direct proportion to the change in market value of the participants’ investment options. Participants of certain plans are able to select LNC stock as a notional investment option; however, it is not hedged by the total return swaps and is a primary source of expense volatility related to these plans. Our expense for these plans was $18 million, $35 million and $22 million for the years ended December 31, 2021, 2020 and 2019, respectively. For further discussion of total return swaps related to our deferred compensation plans, see Note 5. Information (in millions) with respect to these plans was as follows: As of December 31, 2021 2020 Total liabilities (1)$ 755 $ 673 Investments dedicated to fund liabilities (2) 254 229 (1)Reported in other liabilities on our Consolidated Balance Sheets.(2)Reported in other assets on our Consolidated Balance Sheets.