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Other Policyholder Funds and Benefits Payable
 9 Months Ended
Sep. 30, 2024
Insurance Loss Reserves [Abstract]  
Policyholder Account Balance Disclosure [Text Block]
11. OTHER POLICYHOLDER FUNDS AND BENEFITS PAYABLE
Other policyholder funds and benefits payable of $613 and $645 as of September 30, 2024 and 2023 respectively, included universal life long-duration contacts of $209 and $226 as well as policyholder balances related to short-duration contracts of $404
and $419. The universal life long-duration contacts presented in the table below were economically ceded to Prudential as part of the sale of the Company's former individual life business, which closed in 2013.
Universal Life Long Duration Contracts Rollforward
For the nine months ended September 30,
20242023
Balance, beginning of the period$223 $232 
Premiums Received9 10 
Policy Charges(18)(15)
Surrenders and Withdrawals(4)(4)
Benefit Payments(6)(4)
Interest Credited5 7 
Balance, end of the period$209 $226 
Weighted-average crediting rate4.3 %4.2 %
Net Amount at Risk [1]$852 $928 
Cash Surrender Value$207 $224 
[1]Net amount at risk is defined as the current death benefit in excess of the current account value as of the balance sheet date.
As of September 30, 2024 and 2023, universal life contracts of $208 and $225, respectively, had crediting rates at their guaranteed minimums ranging from 4%-5%