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Policyholder Account Balances, Future Policy Benefits and Claims and Separate Account Liabilities | 9 Months Ended
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Sep. 30, 2020
Policyholder Account Balances, Future Policy Benefits and Claims and Separate Account Liabilities |
Policyholder Account Balances, Future Policy Benefits and Claims and Separate Account Liabilities [Text Block] | Policyholder account balances, future policy benefits and claims consisted of the following:
| September 30, 2020 |  | December 31, 2019
(in millions)
Policyholder account balances |  |  |
Fixed annuities (1) | $ | 8,623 |  |  | $ | 8,909 |
Variable annuity fixed sub-accounts | 5,105 |  |  | 5,103 |
Universal life (“UL”)/variable universal life (“VUL”) insurance | 3,117 |  |  | 3,110 |
Indexed universal life (“IUL”) insurance | 2,189 |  |  | 2,025 |
Structured variable annuities | 820 |  |  | — |
Other life insurance | 616 |  |  | 646 |
Total policyholder account balances | 20,470 |  |  | 19,793 |
Future policy benefits |  |  |
Variable annuity guaranteed minimum withdrawal benefits (“GMWB”) | 3,681 |  |  | 1,462 |
Variable annuity guaranteed minimum accumulation benefits (“GMAB”) (2) | 24 |  |  | (39) |
Other annuity liabilities | 183 |  |  | 139 |
Fixed annuity life contingent liabilities | 1,389 |  |  | 1,444 |
Life and disability income insurance | 1,191 |  |  | 1,212 |
Long term care insurance | 5,668 |  |  | 5,302 |
UL/VUL and other life insurance additional liabilities | 1,228 |  |  | 1,033 |
Total future policy benefits | 13,364 |  |  | 10,553 |
Policy claims and other policyholders’ funds | 186 |  |  | 166 |
Total policyholder account balances, future policy benefits and claims | $ | 34,020 |  |  | $ | 30,512 |
(1) Includes fixed deferred annuities, non-life contingent fixed payout annuities and fixed deferred indexed annuity host contracts. (2) Includes the fair value of GMAB embedded derivatives that was a net asset as of December 31, 2019 reported as a contra liability. Separate account liabilities consisted of the following:
| September 30, 2020 |  | December 31, 2019
(in millions)
Variable annuity | $ | 73,919 |  |  | $ | 74,965 |
VUL insurance | 7,400 |  |  | 7,429 |
Other insurance | 29 |  |  | 31 |
Threadneedle investment liabilities | 4,780 |  |  | 5,063 |
Total | $ | 86,128 |  |  | $ | 87,488 |

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- Definition Discloses the types of liabilities included in policyholder account balances and future policy benefits and claims on the Consolidated Balance Sheets. + References No definition available. + Details
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