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Guaranteed Benefit Features | 9 Months Ended
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Sep. 30, 2017
Guaranteed Benefit Features [Abstract] |
Guaranteed Benefit Features | 7. Guaranteed Benefit Features ﻿ Information on the guaranteed death benefit (“GDB”) features outstanding (dollars in millions) was as follows: ﻿
﻿ |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |
﻿ | As of |  | As of |
﻿ | September 30, |  | December 31, |
﻿ | 2017 (1) |  |  | 2016 (1) |  |
﻿Return of Net Deposits |  |  |  |  |  |  |  |
﻿Total account value | $ | 94,303 |  |  | $ | 87,707 |  |
﻿Net amount at risk (2) |  | 102 |  |  |  | 824 |  |
﻿Average attained age of contract holders |  | 64 years |  |  |  | 63 years |  |
﻿ |  |  |  |  |  |  |  |
﻿Minimum Return |  |  |  |  |  |  |  |
﻿Total account value | $ | 109 |  |  | $ | 105 |  |
﻿Net amount at risk (2) |  | 19 |  |  |  | 22 |  |
﻿Average attained age of contract holders |  | 76 years |  |  |  | 75 years |  |
﻿Guaranteed minimum return |  | 5% |  |  |  | 5% |  |
﻿ |  |  |  |  |  |  |  |
﻿Anniversary Contract Value |  |  |  |  |  |  |  |
﻿Total account value | $ | 26,128 |  |  | $ | 24,605 |  |
﻿Net amount at risk (2) |  | 429 |  |  |  | 782 |  |
﻿Average attained age of contract holders |  | 70 years |  |  |  | 69 years |  |
﻿
| (1) |  | Our variable contracts with guarantees may offer more than one type of guarantee in each contract; therefore, the amounts listed are not mutually exclusive.
| (2) |  | Represents the amount of death benefit in excess of the account balance that is subject to market fluctuations.
﻿ The determination of GDB liabilities is based on models that involve a range of scenarios and assumptions, including those regarding expected market rates of return and volatility, contract surrender rates and mortality experience. The following summarizes the balances of and changes in the liabilities for GDBs (in millions), which were recorded in future contract benefits on our Consolidated Balance Sheets: ﻿
﻿ |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |
﻿ | For the Nine |  |
﻿ | Months Ended |  |
﻿ | September 30, |  |
﻿ | 2017 |  | 2016 |  |
﻿Balance as of beginning-of-year | $ | 110 |  | $ | 115 |  |
﻿Changes in reserves |  | 4 |  |  | 22 |  |
﻿Benefits paid |  | (14 | ) |  | (31 | ) |
﻿Balance as of end-of-period | $ | 100 |  | $ | 106 |  |
﻿ Variable Annuity Contracts ﻿ Account balances of variable annuity contracts, including those with guarantees, (in millions) were invested in separate account investment options as follows: ﻿
﻿ |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |
﻿ | As of |  |  | As of |  |
﻿ | September 30, | December 31, |
﻿ | 2017 |  |  | 2016 |  |
﻿Asset Type |  |  |  |  |  |  |  |
﻿Domestic equity | $ | 56,973 |  |  | $ | 52,244 |  |
﻿International equity |  | 19,164 |  |  |  | 17,396 |  |
﻿Bonds |  | 28,271 |  |  |  | 27,532 |  |
﻿Money market |  | 13,536 |  |  |  | 12,010 |  |
﻿Total | $ | 117,944 |  |  | $ | 109,182 |  |
﻿ |  |  |  |  |  |  |  |
﻿Percent of total variable annuity |  |  |  |  |  |  |  |
﻿separate account values |  | 99% |  |  |  | 99% |  |
﻿ Secondary Guarantee Products ﻿ Future contract benefits and other contract holder funds include reserves for our secondary guarantee products sold through our Life Insurance segment. These UL and VUL products with secondary guarantees represented 34% and 35% of total life in surance in-force reserves as of September 3 0, 2017, and December 31, 2016, respectively. UL and VUL products with secondary guarantees represented 26% and 27% of total sales for the three and nine months ended September 3 0, 2017, respectively, compared to 35% and 33% for the corresponding periods in 2016.

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- Definition Guaranteed Benefit Features [Abstract] + References No definition available. + Details
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- Definition Guaranteed benefit features disclosure, including net amount at risk, average attained age of contract holders and guaranteed minimum return. For minimum guaranteed benefits to policyholders and contract holders, 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 No definition available. + Details
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