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CLOSED BLOCK (Details) - USD ($)
$ in Millions
Sep. 30, 2017
Dec. 31, 2016
Sep. 30, 2016
Dec. 31, 2015
CLOSED BLOCK LIABILITIES:        
Future policy benefits, policyholders’ account balances and other $ 7,016 $ 7,179    
Policyholder dividend obligation 43 52 $ 216 $ 81
Other liabilities 301 43    
Total Closed Block liabilities 7,360 7,274    
ASSETS DESIGNATED TO THE CLOSED BLOCK:        
Fixed maturities, available for sale, at fair value (amortized cost of $3,951 and $3,884) 4,126 4,025    
Mortgage loans on real estate 1,804 1,623    
Policy loans 795 839    
Cash and other invested assets 316 444    
Other assets 173 181    
Total assets designated to the Closed Block 7,214 7,112    
Excess of Closed Block liabilities over assets designated to the Closed Block 146 162    
Closed Block Assets and Liabilities, Effect on Other Comprehensive Income (Loss) [Abstract]        
Net unrealized investment gains (losses), net of policyholder dividend obligation of $(43) and $(52) 142 100    
Maximum Future Earnings To Be Recognized From Closed Block Assets and Liabilities $ 288 $ 262