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Insurance (Tables)
 12 Months Ended
Dec. 31, 2017
Insurance [Abstract]  
Schedule of Financial Instruments Owned and Pledged as Collateral [Table Text Block]
Brighthouse Life Insurance Company has also entered into funding agreements with FHLBs. The liabilities for these funding agreements are included in policyholder account balances. Information related to FHLB funding agreements was as follows at:
 
 
December 31,
 
 
2017
 
2016
 
 
(In millions)
Liabilities
 
$
595

 
$
645

Invested assets on deposit, held in trust and pledged as collateral are presented below at estimated fair value at:
 
December 31,
 
2017
 
2016
 
(In millions)
Invested assets on deposit (regulatory deposits) (1)
$
8,259

 
$
7,644

Invested assets held in trust (reinsurance agreements) (2)
2,634

 
9,054

Invested assets pledged as collateral (3)
3,199

 
3,548

Total invested assets on deposit, held in trust, and pledged as collateral
$
14,092

 
$
20,246

__________________
(1)
The Company has assets, primarily fixed maturity securities, on deposit with governmental authorities relating to certain policy holder liabilities, of which $34 million of the assets on deposit balance represents restricted cash at both December 31, 2017 and 2016.
(2)
The Company has assets, primarily fixed maturity securities, held in trust relating to certain reinsurance transactions. $42 million and $15 million of the assets held in trust balance represents restricted cash at December 31, 2017 and 2016, respectively.
(3)
The Company has pledged invested assets in connection with various agreements and transactions, including funding agreements (see Note 4) and derivative transactions (see Note 8).
Insurance Liabilities
Information regarding insurance liabilities by segment, as well as Corporate & Other, was as follows at:
 
December 31,
 
2017
 
2016
 
(In millions)
Annuities
$
34,143

 
$
32,793

Life
7,057

 
6,932

Run-off
26,770

 
24,887

Corporate & Other
7,534

 
7,431

Total
$
75,504

 
$
72,043
Liabilities for Guarantees
Information regarding the liabilities for guarantees (excluding base policy liabilities and embedded derivatives) relating to annuity and universal and variable life contracts was as follows:
 
Annuity Contracts
 
Universal and Variable
Life Contracts
 
 
 
GMDBs
 
GMIBs
 
Secondary
Guarantees
 
Total
 
(In millions)
Direct
 
 
 
 
 
 
 
Balance at January 1, 2015
$
619

 
$
1,535

 
$
2,374

 
$
4,528

Incurred guaranteed benefits (1)
248

 
337

 
413

 
998

Paid guaranteed benefits
(36
)
 
—

 
—

 
(36
)
Balance at December 31, 2015
831

 
1,872

 
2,787

 
5,490

Incurred guaranteed benefits
335

 
334

 
753

 
1,422

Paid guaranteed benefits
(60
)
 
—

 
—

 
(60
)
Balance at December 31, 2016
1,106

 
2,206

 
3,540

 
6,852

Incurred guaranteed benefits
367

 
344

 
692

 
1,403

Paid guaranteed benefits
(57
)
 
—

 
—

 
(57
)
Balance at December 31, 2017
$
1,416

 
$
2,550

 
$
4,232

 
$
8,198

Net Ceded/(Assumed)
 
 
 
 
 
 
 
Balance at January 1, 2015
$
(21
)
 
$
(26
)
 
$
846

 
$
799

Incurred guaranteed benefits (1)
20

 
(2
)
 
161

 
179

Paid guaranteed benefits
(33
)
 
—

 
—

 
(33
)
Balance at December 31, 2015
(34
)
 
(28
)
 
1,007

 
945

Incurred guaranteed benefits
44

 
9

 
98

 
151

Paid guaranteed benefits
(55
)
 
—

 
—

 
(55
)
Balance at December 31, 2016
(45
)
 
(19
)
 
1,105

 
1,041

Incurred guaranteed benefits
94

 
(28
)
 
(159
)
 
(93
)
Paid guaranteed benefits
(55
)
 
—

 
—

 
(55
)
Balance at December 31, 2017
$
(6
)
 
$
(47
)
 
$
946

 
$
893

Net
 
 
 
 
 
 
 
Balance at January 1, 2015
$
640

 
$
1,561

 
$
1,528

 
$
3,729

Incurred guaranteed benefits (1)
228

 
339

 
252

 
819

Paid guaranteed benefits
(3
)
 
—

 
—

 
(3
)
Balance at December 31, 2015
865

 
1,900

 
1,780

 
4,545

Incurred guaranteed benefits
291

 
325

 
655

 
1,271

Paid guaranteed benefits
(5
)
 
—

 
—

 
(5
)
Balance at December 31, 2016
1,151

 
2,225

 
2,435

 
5,811

Incurred guaranteed benefits
273

 
372

 
851

 
1,496

Paid guaranteed benefits
(2
)
 
—

 
—

 
(2
)
Balance at December 31, 2017
$
1,422

 
$
2,597

 
$
3,286

 
$
7,305


______________
(1)
See Note 6.
Fund Groupings
Account balances of contracts with guarantees were invested in separate account asset classes as follows at: 
 
December 31,
 
2017
 
2016
 
(In millions)
Fund Groupings:
 
 
 
Balanced
$
54,729

 
$
52,170

Equity
43,685

 
41,152

Bond
6,082

 
6,086

Money Market
605

 
703

Total
$
105,101

 
$
100,111
Guarantees related to Annuity, Universal and Variable Life Contracts
Information regarding the Company’s guarantee exposure was as follows at:
 
December 31,
 
2017
 
2016
 
In the Event of Death
 
At
Annuitization
 
In the Event of Death
 
At
Annuitization
 
(Dollars in millions)
Annuity Contracts (1), (2)
 
 
 
 
 
 
 
 
 
 
 
Variable Annuity Guarantees
 
 
 
 
 
 
 
 
 
 
 
Total account value (3)
$
105,061

 
 
$
59,691

 
 
$
106,590

 
 
$
61,340

 
Separate account value
$
100,043

 
 
$
58,511

 
 
$
101,991

 
 
$
60,016

 
Net amount at risk
$
5,200

(4)
 
$
2,330

(5)
 
$
6,763

(4)
 
$
3,116

(5)
Average attained age of contract holders
68 years

 
 
68 years

 
 
67 years

 
 
67 years

 
 
December 31,
 
2017
 
2016
 
Secondary Guarantees
 
(Dollars in millions)
Universal Life Contracts
 
 
 
Total account value (3)
$
6,244

 
$
6,216

Net amount at risk (6)
$
75,304

 
$
76,216

Average attained age of policyholders
64 years

 
63 years

 
 
 
 
Variable Life Contracts
 
 
 
Total account value (3)
$
1,021

 
$
960

Net amount at risk (6)
$
13,848

 
$
14,757

Average attained age of policyholders
44 years

 
43 years

______________
(1)
The Company’s annuity contracts with guarantees may offer more than one type of guarantee in each contract. Therefore, the amounts listed above may not be mutually exclusive.
(2)
Includes direct business, but excludes offsets from hedging or reinsurance, if any. Therefore, the net amount at risk presented reflects the economic exposures of living and death benefit guarantees associated with variable annuities, but not necessarily their impact on the Company. See Note 6 for a discussion of guaranteed minimum benefits which have been reinsured.
(3)
Includes the contract holder’s investments in the general account and separate account, if applicable.
(4)
Defined as the death benefit less the total account value, as of the balance sheet date. It represents the amount of the claim that the Company would incur if death claims were filed on all contracts on the balance sheet date and includes any additional contractual claims associated with riders purchased to assist with covering income taxes payable upon death.
(5)
Defined as the amount (if any) that would be required to be added to the total account value to purchase a lifetime income stream, based on current annuity rates, equal to the minimum amount provided under the guaranteed benefit. This amount represents the Company’s potential economic exposure to such guarantees in the event all contract holders were to annuitize on the balance sheet date, even though the contracts contain terms that allow annuitization of the guaranteed amount only after the 10th anniversary of the contract, which not all contract holders have achieved.
(6)
Defined as the guarantee amount less the account value, as of the balance sheet date. It represents the amount of the claim that the Company would incur if death claims were filed on all contracts on the balance sheet date.