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Reserve for Future Policy Benefits (Tables)
 9 Months Ended
Sep. 30, 2024
Insurance Loss Reserves [Abstract]  
Liability for Future Policy Benefit, Activity [Table Text Block]
Rollforward of Reserve for Future Policy Benefits
For the nine months ended September 30,
20242023
Payout AnnuitiesLife ConversionsPaid-up LifePayout AnnuitiesLife ConversionsPaid-up Life
Present Value of Expected Net Premiums
Balance, beginning of the period$48 $47 
Balance, ending of the period $46 $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 rate7 (11)(32)4 (14)(39)
Beginning balance at original discount rate130 124 217 136 126 231 
Effect of changes in cash flow assumptions— 2 — (2)1 — 
Effect of actual variances from expected experience1 3 (1)1 4 (1)
Adjusted beginning balance131 129 216 135 131 230 
Interest accrual and other5 16 5 5 14 7 
Benefit Payments(9)(23)(19)(9)(20)(17)
Ending balance at original discount rate127 122 202 131 125 220 
Ending adjustment for changes in single-A rate8 (10)(26)(3)(20)(44)
Ending balance at single-A rate$135 $112 $176 $128 $105 $176 
Net reserve for future policy benefits$135 $66 $176 $128 $59 $176 
Weighted-average duration of the reserve for future policy benefits (years)9.011.66.69.011.46.1
 Net Reserve for Future Policy Benefits
As of September 30,
20242023
Payout Annuities$135 $128 
Life Conversions66 59 
Paid-up Life176 176 
Deferred Profit Liability19 20 
Other74 80 
Total$470 $463 
Undiscounted Expected Future Gross Premiums and Benefit Payments
As of September 30,
20242023
Payout Annuities [1]
Expected future benefit payments$249 $259 
Life Conversions
Expected future gross premiums$107 $116 
Expected future benefit payments$199 $206 
Paid-up Life [1]
Expected future benefit payments$262 $285 
[1]Payout Annuities and Paid-up Life have no expected future gross premiums.
Weighted-Average Interest Rates
As of September 30,
20242023
Payout Annuities
Interest accretion rate5.6 %5.6 %
Current discount rate4.9 %5.9 %
Life Conversions
Interest accretion rate4.3 %4.2 %
Current discount rate5.0 %5.9 %
Paid-up Life
Interest accretion rate2.9 %2.9 %
Current discount rate4.7 %5.9 %