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SIGNIFICANT ACCOUNTING POLICIES - OUT OF PERIOD ADJUSTMENTS (Details) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Quantifying Misstatement in Current Year Financial Statements [Line Items]                      
Total Revenues $ 318 $ 5,714 $ 220 $ 3,567 $ 4,656 $ 3,754 $ 3,524 $ 3,706 $ 9,819 $ 15,640 $ 2,840
Total benefits and other deductions 1,384 $ 2,375 $ 1,973 $ 2,437 2,802 $ 2,186 $ 2,342 $ 2,195 8,169 9,525 8,149
Earnings (loss) from operations, before income taxes                 1,650 6,115 (5,309)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest                 (1,464) (4,420) 3,236
Increase (decrease) in the fair value of the reinsurance contract asset                 (141) 3,964 (4,297)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest $ 17,595       $ 18,108       17,595 18,108 13,441
Policyholders’ benefits                 2,799 3,708 1,691
Amortization of deferred policy acquisition costs                 284 $ 215 $ 580
Mean (RTM) assumption     7.00%   9.00%         9.00%  
Long-term Lapses, Partial Withdrawal Rates and Election Assumptions Updates | Guaranteed Minimum Income Benefit                      
Quantifying Misstatement in Current Year Financial Statements [Line Items]                      
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest                 60    
Increase (decrease) in the fair value of the reinsurance contract asset                 (746)    
Policyholders’ benefits                 (637)    
Amortization of deferred policy acquisition costs                 (17)    
Increase in Cost of Insurance (COI)                      
Quantifying Misstatement in Current Year Financial Statements [Line Items]                      
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest                 (46)    
RTM Assumptions Update                      
Quantifying Misstatement in Current Year Financial Statements [Line Items]                      
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest                 445    
Mean (RTM) assumption     7.00%   9.00%         9.00%  
RTM Assumptions Update | Guaranteed Minimum Income Benefit                      
Quantifying Misstatement in Current Year Financial Statements [Line Items]                      
Policyholders’ benefits                 723    
Amortization of deferred policy acquisition costs                 (67)    
RTM Assumptions Update | Variable and Interest Sensitive Life                      
Quantifying Misstatement in Current Year Financial Statements [Line Items]                      
Policyholders’ benefits                 29    
Lapse Assumptions Updates                      
Quantifying Misstatement in Current Year Financial Statements [Line Items]                      
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest                   $ (30)  
Lapse Assumptions Updates | Guaranteed Minimum Income Benefit                      
Quantifying Misstatement in Current Year Financial Statements [Line Items]                      
Increase (decrease) in the fair value of the reinsurance contract asset                   62  
Policyholders’ benefits                   16  
Fair Value Measurement Changes in Significant Assumptions | GMIB reinsurance contracts                      
Quantifying Misstatement in Current Year Financial Statements [Line Items]                      
Increase (decrease) in the fair value of the reinsurance contract asset                   510  
Fair Value Measurement Changes in Significant Assumptions | GWBL and other features liability                      
Quantifying Misstatement in Current Year Financial Statements [Line Items]                      
Policyholders’ benefits                   37  
Profit Loss | Fair Value Measurement Changes in Significant Assumptions                      
Quantifying Misstatement in Current Year Financial Statements [Line Items]                      
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest                   (307)  
Initial Fee Liability Amortization and Cost of Insurance | Change in Estimates                      
Quantifying Misstatement in Current Year Financial Statements [Line Items]                      
Total benefits and other deductions                 (51)    
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest         $ (1)         (1)  
Initial Fee Liability Amortization and Cost of Insurance | Universal Life and Investment Type Products | Change in Estimates                      
Quantifying Misstatement in Current Year Financial Statements [Line Items]                      
Total Revenues                 (112)    
Earnings (loss) from operations, before income taxes                 (61)    
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest                 $ 40 $ 73