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SIGNIFICANT ACCOUNTING POLICIES - ASSUMPTION UPDATES (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Jun. 30, 2016
Change in Accounting Estimate [Line Items]        
Policyholders’ benefits $ 2,893 $ 2,799 $ 3,708  
Amortization of deferred policy acquisition costs, net 756 284    
Earnings (loss) from operations, before income taxes 431 1,650 6,115  
Face value amount threshold for rate increase 1      
Net earnings (loss) 544 $ 1,464 4,420  
Mean (RTM) assumption   9.00%   7.00%
Increase (decrease) in the fair value of the reinsurance contract asset (261) $ (141) $ 3,964  
2016 Assumption Updates        
Change in Accounting Estimate [Line Items]        
Policyholders’ benefits (77)      
Amortization of deferred policy acquisition costs, net 289      
Fees and commissions 22      
Earnings (loss) from operations, before income taxes (189)      
Net earnings (loss) (123)      
Increase in Cost of Insurance        
Change in Accounting Estimate [Line Items]        
Earnings (loss) from operations, before income taxes   71    
Net earnings (loss)   46    
Long-term Lapses, Partial Withdrawal Rates and Election Assumptions Updates | GMIB        
Change in Accounting Estimate [Line Items]        
Policyholders’ benefits   (637)    
Amortization of deferred policy acquisition costs, net   (17)    
Earnings (loss) from operations, before income taxes   (92)    
Net earnings (loss)   (60)    
Increase (decrease) in the fair value of the reinsurance contract asset   (746)    
Update RTM Assumptions        
Change in Accounting Estimate [Line Items]        
Earnings (loss) from operations, before income taxes   (685)    
Net earnings (loss)   $ (445)    
Mean (RTM) assumption   7.00% 9.00%  
Update RTM Assumptions | GMIB        
Change in Accounting Estimate [Line Items]        
Policyholders’ benefits   $ 723    
Amortization of deferred policy acquisition costs, net   (67)    
Update RTM Assumptions | Variable and Interest Sensitive Life        
Change in Accounting Estimate [Line Items]        
Policyholders’ benefits   29    
Long Term Lapse Assumption | GMIB        
Change in Accounting Estimate [Line Items]        
Policyholders’ benefits   (65)    
Amortization of deferred policy acquisition costs, net   (13)    
Earnings (loss) from operations, before income taxes   (164)    
Net earnings (loss)   (107)    
Increase (decrease) in the fair value of the reinsurance contract asset   (216)    
Impact of Lump Sum Payment Option        
Change in Accounting Estimate [Line Items]        
Earnings (loss) from operations, before income taxes   (208)    
Net earnings (loss)   (135)    
Impact of Lump Sum Payment Option | GMIB        
Change in Accounting Estimate [Line Items]        
Policyholders’ benefits   (55)    
Increase (decrease) in the fair value of the reinsurance contract asset   $ (263)    
Lapse Assumptions Updates        
Change in Accounting Estimate [Line Items]        
Earnings (loss) from operations, before income taxes     $ 46  
Net earnings (loss)     30  
Lapse Assumptions Updates | GMIB        
Change in Accounting Estimate [Line Items]        
Policyholders’ benefits     16  
Increase (decrease) in the fair value of the reinsurance contract asset     62  
Risk Free Bond and Equity Components Update        
Change in Accounting Estimate [Line Items]        
Earnings (loss) from operations, before income taxes     473  
Net earnings (loss)     307  
Risk Free Bond and Equity Components Update | GMIB        
Change in Accounting Estimate [Line Items]        
Increase (decrease) in the fair value of the reinsurance contract asset     510  
Increase (decrease) in fair value of policy liability     $ 37  
Change in Estimates | 2016 Assumption Updates        
Change in Accounting Estimate [Line Items]        
Earnings (loss) from operations, before income taxes $ (49)