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Reserve for Future Policy Benefits (Tables) | 3 Months Ended
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Mar. 31, 2024
Insurance Loss Reserves [Abstract] |
Liability for Future Policy Benefit, Activity [Table Text Block] |
Rollforward of Reserve for Future Policy Benefits
| For the three months ended March 31,
| 2024 |  | 2023
| Payout Annuities | Life Conversions | Paid-up Life |  | Payout Annuities | Life Conversions | Paid-up Life
Present Value of Expected Net Premiums |  |  |  |  |  |  |
Balance, beginning of the period |  | $ | 49 |  |  |  |  | $ | 47 |  |
Balance, ending of the period |  | $ | 47 |  |  |  |  | $ | 46 |  |
Present Value of Expected Future Policy Benefits |  |  |  |  |  |  |
Beginning balance at single-A rate | $ | 137 |  | $ | 113 |  | $ | 185 |  |  | $ | 140 |  | $ | 112 |  | $ | 192 |
Beginning adjustment for changes in single-A rate | 7 |  | (11) |  | (32) |  |  | 4 |  | (14) |  | (39) |
Beginning balance at original discount rate | 130 |  | 124 |  | 217 |  |  | 136 |  | 126 |  | 231 |
Effect of changes in cash flow assumptions | — |  | — |  | — |  |  | — |  | — |  | — |
Effect of actual variances from expected experience | 1 |  | 1 |  | — |  |  | — |  | 2 |  | — |
Adjusted beginning balance | 131 |  | 125 |  | 217 |  |  | 136 |  | 128 |  | 231 |
Interest accrual and other | 2 |  | 4 |  | 2 |  |  | 2 |  | 4 |  | 2 |
Benefit Payments | (3) |  | (8) |  | (7) |  |  | (3) |  | (7) |  | (6) |
Ending balance at original discount rate | 130 |  | 121 |  | 212 |  |  | 135 |  | 125 |  | 227 |
Ending adjustment for changes in single-A rate | 5 |  | (12) |  | (35) |  |  | 8 |  | (12) |  | (35) |
Ending balance at single-A rate | $ | 135 |  | $ | 109 |  | $ | 177 |  |  | $ | 143 |  | $ | 113 |  | $ | 192 |
Net reserve for future policy benefits | $ | 135 |  | $ | 62 |  | $ | 177 |  |  | $ | 143 |  | $ | 67 |  | $ | 192 |
Weighted-average duration of the reserve for future policy benefits (years) | 9.0 | 11.9 | 6.3 |  | 9.1 | 12.3 | 6.5
Net Reserve for Future Policy Benefits
| As of March 31,
| 2024 | 2023
Payout Annuities | $ | 135 |  | $ | 143 |
Life Conversions | 62 |  | 67 |
Paid-up Life | 177 |  | 192 |
Deferred Profit Liability | 20 |  | 19 |
Other | 85 |  | 87 |
Total | $ | 479 |  | $ | 508 |
Undiscounted Expected Future Gross Premiums and Benefit Payments
| As of March 31,
| 2024 | 2023 |
Payout Annuities [1] |  |  |
Expected future benefit payments | $ | 255 |  | $ | 269 |  |
Life Conversions |  |  |
Expected future gross premiums | $ | 111 |  | $ | 118 |  |
Expected future benefit payments | $ | 201 |  | $ | 208 |  |
Paid-up Life [1] |  |  |
Expected future benefit payments | $ | 274 |  | $ | 295 |  |
[1]Payout Annuities and Paid-up Life have no expected future gross premiums.
Weighted-Average Interest Rates |
| As of March 31, |
| 2024 | 2023 |
Payout Annuities |  |  |
Interest accretion rate | 5.6 | % | 5.6 | % |
Current discount rate | 5.1 | % | 5.0 | % |
Life Conversions |  |  |
Interest accretion rate | 4.2 | % | 4.2 | % |
Current discount rate | 5.3 | % | 5.1 | % |
Paid-up Life |  |  |
Interest accretion rate | 2.9 | % | 2.9 | % |
Current discount rate | 5.2 | % | 5.0 | % |

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- Definition Tabular disclosure of beginning balance to ending balance for liability for future policy benefit, with separate presentation of expected future net premium and expected future benefit. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (g)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480016/944-40-65-2 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 55 -Paragraph 29E -Publisher FASB -URI https://asc.fasb.org//1943274/2147480046/944-40-55-29E Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480081/944-40-50-6 + Details
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