v3.8.0.1

Policyholders' Liabilities (Tables) | 12 Months Ended
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Dec. 31, 2017
Liability for Future Policy Benefits and Unpaid Claims and Claims Adjustment Expense [Abstract] |
Schedule of Liability for Future Policy Benefits, by Product Segment | Policyholders’ account balances at December 31 for the years indicated are as follows:
| 2017 |  | 2016
| (in millions)
Individual annuities | $ | 41,449 |  |  | $ | 40,338 |
Group annuities | 28,152 |  |  | 28,350 |
Guaranteed investment contracts and guaranteed interest accounts | 14,002 |  |  | 14,528 |
Funding agreements | 4,631 |  |  | 4,794 |
Interest-sensitive life contracts | 36,879 |  |  | 34,452 |
Dividend accumulation and other | 23,076 |  |  | 22,743 |
Total policyholders’ account balances | $ | 148,189 |  |  | $ | 145,205 |
Future policy benefits at December 31 for the years indicated are as follows:
| 2017 |  | 2016
| (in millions)
Life insurance | $ | 172,586 |  |  | $ | 161,406 |
Individual and group annuities and supplementary contracts | 67,090 |  |  | 63,486 |
Other contract liabilities | 14,849 |  |  | 13,173 |
Subtotal future policy benefits excluding unpaid claims and claim settlement expenses | 254,525 |  |  | 238,065 |
Unpaid claims and claim settlement expenses | 2,792 |  |  | 2,843 |
Total future policy benefits | $ | 257,317 |  |  | $ | 240,908 |

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- Definition The entire disclosure for the present values of future benefits to be paid to or on behalf of policyholders and related expenses less the present value of future net premiums using assumptions such as estimates of expected investment yields, mortality, morbidity, terminations and expenses, applicable at the time the insurance contracts are made and unpaid claim costs relating to insurance contracts including estimates of costs relating to incurred but not reported claims based on the estimated ultimate cost of settling the claims (including effects of inflation and other societal and economic factors), using past experience adjusted for current trends and any other factors that would modify past experience by element such as business segment, country and interest rate range. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(13)) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 + Details
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