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Separate Accounts, Death Benefits and Other Insurance Benefit Features Level 3 (Tables) | 9 Months Ended
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Sep. 30, 2016
Separate Accounts Disclosure [Abstract] |
Changes in the gross U.S. GMDB, International GMDB/GMIB, and UL Secondary Guarantee Benefits [Table Text Block] | Changes in the gross GMDB/GMWB and universal life secondary guarantee benefits are as follows:
| GMDB/GMWB [1,2] | Universal Life Secondary Guarantees
Liability balance as of January 1, 2016 | $ | 863 |  | $ | 2,313 |
Incurred [3] | 50 |  | 234 |
Paid | (92 | ) | — |
Liability balance as of September 30, 2016 | $ | 821 |  | $ | 2,547 |
Reinsurance recoverable asset, as of January 1, 2016 | $ | 523 |  | $ | 2,313 |
Incurred [3] | 40 |  | 234 |
Paid | (73 | ) | — |
Reinsurance recoverable asset, as of September 30, 2016 | $ | 490 |  | $ | 2,547 |
| GMDB/GMWB [1,2] | Universal Life Secondary Guarantees
Liability balance as of January 1, 2015 | $ | 812 |  | $ | 2,041 |
Incurred [3] | 76 |  | 203 |
Paid | (83 | ) | — |
Liability balance as of September 30, 2015 | $ | 805 |  | $ | 2,244 |
Reinsurance recoverable asset, as of January 1, 2015 | $ | 481 |  | $ | 2,041 |
Incurred [3] | 89 |  | 203 |
Paid | (66 | ) | — |
Reinsurance recoverable asset, as of September 30, 2015 | $ | 504 |  | $ | 2,244 |
[1] | Included in Reserve for future policy benefits and unpaid losses and loss adjustment expenses on the Condensed Consolidated Balance Sheets.
[2] | These liability balances include all GMDB benefits, plus the life-contingent portion of GMWB benefits in excess of the return of the GRB. GMWB benefits up to the return of the GRB are embedded derivatives held at fair value and are excluded from these balances.
[3] | Includes the portion of assessments established as additions to reserves as well as changes in estimates affecting the reserves.
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Table Text Block] | The following table provides details concerning GMDB/GMWB exposure as of September 30, 2016:
Account Value by GMDB/GMWB Type
Maximum anniversary value (“MAV”) [1] | Account Value (“AV”) [8] | Net Amount at Risk (“NAR”) [9] | Retained Net Amount at Risk (“RNAR”) [9] | Weighted Average Attained Age of Annuitant
MAV only | $ | 13,815 |  | $ | 2,353 |  | $ | 359 |  | 71
With 5% rollup [2] | 1,188 |  | 192 |  | 61 |  | 71
With Earnings Protection Benefit Rider (“EPB”) [3] | 3,516 |  | 472 |  | 75 |  | 70
With 5% rollup & EPB | 475 |  | 104 |  | 23 |  | 73
Total MAV | 18,994 |  | 3,121 |  | 518 |  |
Asset Protection Benefit (“APB”) [4] | 10,766 |  | 197 |  | 131 |  | 69
Lifetime Income Benefit (“LIB”) — Death Benefit [5] | 480 |  | 6 |  | 6 |  | 69
Reset [6] (5-7 years) | 2,457 |  | 15 |  | 14 |  | 70
Return of Premium (“ROP”) [7]/Other | 8,999 |  | 65 |  | 61 |  | 68
Subtotal Variable Annuity with GMDB/GMWB [10] | 41,696 |  | $ | 3,404 |  | $ | 730 |  | 70
Less: General Account Value with GMDB/GMWB | 3,806 |  |  |  |
Subtotal Separate Account Liabilities with GMDB | 37,890 |  |  |  |
Separate Account Liabilities without GMDB | 80,758 |  |  |  |
Total Separate Account Liabilities | $ | 118,648 |  |  |  |
[1] | MAV GMDB is the greatest of current AV, net premiums paid and the highest AV on any anniversary before age 80 years (adjusted for withdrawals).
[2] | Rollup GMDB is the greatest of the MAV, current AV, net premium paid and premiums (adjusted for withdrawals) accumulated at generally 5% simple interest up to the earlier of age 80 years or 100% of adjusted premiums.
[3] | EPB GMDB is the greatest of the MAV, current AV, or contract value plus a percentage of the contract’s growth. The contract’s growth is AV less premiums net of withdrawals, subject to a cap of 200% of premiums net of withdrawals.
[4] | APB GMDB is the greater of current AV or MAV, not to exceed current AV plus 25% times the greater of net premiums and MAV (each adjusted for premiums in the past 12 months).
[5] | LIB GMDB is the greatest of current AV; net premiums paid; or, for certain contracts, a benefit amount generally based on market performance that ratchets over time.
[6] | Reset GMDB is the greatest of current AV, net premiums paid and the most recent five to seven year anniversary AV before age 80 years (adjusted for withdrawals).
[7] | ROP GMDB is the greater of current AV or net premiums paid.
[8] | AV includes the contract holder’s investment in the separate account and the general account.
[9] | NAR is defined as the guaranteed benefit in excess of the current AV. RNAR represents NAR reduced for reinsurance. NAR and RNAR are highly sensitive to equity markets movements and increase when equity markets decline.
[10] | Some variable annuity contracts with GMDB also have a life-contingent GMWB that may provide for benefits in excess of the return of the GRB. Such contracts included in this amount have $6.6 billion of total account value and weighted average attained age of 72 years. There is no NAR or retained NAR related to these contracts.
Account balances of contracts with guarantees were invested in variable separate accounts as follows:
Asset type | As of September 30, 2016 | As of December 31, 2015
Equity securities (including mutual funds) | $ | 34,772 |  | $ | 36,970 |
Cash and cash equivalents | 3,118 |  | 3,453 |
Total | $ | 37,890 |  | $ | 40,423 |

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- Definition Tabular disclosure of the fair value of assets, by major investment asset category, supporting separate accounts with additional insurance benefits and minimum investment return guarantees as of each date for which a statement of financial position is presented. The taxonomy for investment disclosures is utilized to tag elements that represent more detailed breakdowns of the major investment categories specified in reporting regulations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 80 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=6484115&loc=d3e19393-158473 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 20 -Section 55 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6588021&loc=d3e7104-158389 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 80 -Section 50 -Paragraph 1 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=6484115&loc=d3e19393-158473 + Details
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- Definition Tabular disclosure of minimum guaranteed benefits to policyholders and contract holders, such as guaranteed minimum death benefit, guaranteed minimum income benefit, and guaranteed annuitization benefits, discloses the amount of liability reported for additional insurance benefits, annuitization benefits and other minimum guarantees, by type of benefit, for the most recent balance sheet date and the incurred and paid amounts for periods presented for traditional and nontraditional products. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 80 -Section 50 -Paragraph 1 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=6484115&loc=d3e19393-158473 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 20 -Section 55 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6588021&loc=d3e7104-158389 + Details
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