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CLOSED BLOCK (REVENUES AND EXPENSES) (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Dec. 31, 2015
Dec. 31, 2014
REVENUES:            
Premiums and other income $ 60 $ 66 $ 122 $ 135    
Net investment income (loss) 84 99 174 191    
Net investment gains (losses) 0 (2) 1 (1)    
Total revenues 144 163 297 325    
BENEFITS AND OTHER DEDUCTIONS:            
Policyholders’ benefits and dividends 138 143 273 296    
Other operating costs and expenses 1 1 2 1    
Total benefits and other deductions 139 144 275 297    
Net revenues (loss) before income taxes 5 19 22 28    
Income tax (expense) benefit 3 4 (8) 1    
Net Revenues (Losses) 8 23 14 29    
Closed Block Investments, Fixed Maturity, Available-for-sale, Amortized Cost 4,152   4,152   $ 4,426  
Closed Block Operations, Deferred Income Tax (Expense) Benefit (35)   (35)   (36)  
Closed Block Liabilities Policyholder Dividend Obligation $ (221) $ (140) $ (221) $ (140) $ (81) $ (201)