Future Policy Benefits, Policy Claims and Other Policyholders' Funds and Separate Account Liabilities

6 Months Ended

Jun. 30, 2013

Future Policy Benefits, Policy Claims and Other Policyholders' Funds and Separate Account Liabilities

Future Policy Benefits, Policy Claims and Other Policyholders' Funds and Separate Account Liabilities

7. Future Policy Benefits, Policy Claims and Other Policyholders’ Funds and Separate Account Liabilities

Future policy benefits and policy claims and other policyholders’ funds consisted of the following:

	June 30, 2013		December 31, 2012
	(in millions)
Fixed annuities	$	15,649	$	16,075
Equity indexed annuity (“EIA”) accumulated host values	27		31
EIA embedded derivatives	3		2
Variable annuity fixed sub-accounts	4,861		4,843
Variable annuity guaranteed minimum withdrawal benefits (“GMWB”)	84		799
Variable annuity guaranteed minimum accumulation benefits (“GMAB”)	14		103
Other variable annuity guarantees	14		13
Total annuities	20,652		21,866
Variable universal life (“VUL”)/universal life (“UL”) insurance	2,800		2,760
Indexed universal life (“IUL”) accumulated host values	97		59
IUL embedded derivatives	76		45
VUL/UL insurance additional liabilities	281		294
Other life, disability income and long term care insurance	5,615		5,646
Total future policy benefits	29,521		30,670
Policy claims and other policyholders’ funds	137		132
Total future policy benefits and policy claims and other policyholders’ funds	$	29,658	$	30,802

Separate account liabilities consisted of the following:

	June 30, 2013		December 31, 2012
	(in millions)
Variable annuity variable sub-accounts	$	65,479	$	63,302
VUL insurance variable sub-accounts	6,308		6,051
Other insurance variable sub-accounts	41		42
Total	$	71,828	$	69,395