RELATED PARTY TRANSACTIONS |
12 Months Ended |
|---|---|
Dec. 31, 2016 | |
| Related Party Transactions [Abstract] | |
| RELATED PARTY TRANSACTIONS | RELATED PARTY TRANSACTIONS Under its service agreement with AXA Equitable, personnel services, employee benefits, facilities, supplies and equipment are provided to MLOA to conduct its business. The associated costs related to the service agreement are allocated to MLOA based on methods that management believes are reasonable, including a review of the nature of such costs and activities performed to support MLOA. As a result of such allocations, MLOA incurred expenses of $129 million, $88 million and $67 million for 2016, 2015 and 2014, respectively. At December 31, 2016 and 2015, respectively, MLOA reported a $21 million and $15 million payable to AXA Equitable in connection with its service agreement. Various AXA affiliates, including MLOA, cede a portion of their life, health and catastrophe insurance business through reinsurance agreements to AXA Global Life an affiliate. Beginning in 2008 AXA Global Life, in turn, retrocedes a quota share portion of these risks to MLOA on a one-year term basis. Premiums assumed from the above mentioned affiliated reinsurance transactions during 2016, 2015 and 2014, were $2 million, $1 million and $1 million, respectively. Claims and expenses assumed under these agreements during 2016, 2015 and 2014 were $2 million, $1 million and $1 million, respectively. MLOA cedes a portion of its life business through excess of retention treaties to AXA Equitable on a yearly renewal term basis and reinsured the no lapse guarantee riders through AXA RE Arizona Company, an affiliate. Premiums earned from the above mentioned affiliated reinsurance transactions during 2016, 2015 and 2014, were $3 million, $2 million and $2 million, respectively. Claims and expenses assumed under these agreements during 2016, 2015 and 2014 were $0, $0 and $2 million, respectively. In 2016, 2015 and 2014, respectively, MLOA paid AXA Distribution Holding Corporation (“AXA Distribution”) and its subsidiaries $71 million, $64 million and $52 million of commissions and fees for sales of insurance products. MLOA paid $11 million, $13 million and $2 million in commissions and fees for the sale of its insurance products to AXA Distributors, LLC (“AXA Distributors”) a broker-dealer and insurance general agency affiliate, in 2016, 2015 and 2014, respectively. Variable life products offer purchasers the opportunity to direct the investment of their account values into various Separate Account investment options. The investment options available to MLOA’s variable life policyholders are comprised of the proprietary fund families of EQ Advisors Trust (“EQAT”), AXA Premier VIP Trust (“VIP Trust”), each of which are mutual funds for which MLOA’s affiliate, AXA Equitable Funds Management Group, LLC, serves as the investment manager and administrator. In addition to the AXA Equitable service agreement, MLOA has various other service and investment advisory agreements with affiliates. The amount of expenses incurred by MLOA related to these agreements were $2 million, $1 million and $1 million for 2016, 2015 and 2014, respectively. |