VALUE OF BUSINESS ACQUIRED AND DEFERRED ACQUISITION COST (CHANGE IN DEFERRED ACQUISTION COST) (Details) - USD ($) $ in Millions |
12 Months Ended | |
|---|---|---|
Dec. 31, 2016 |
Dec. 31, 2015 |
|
| Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward] | ||
| Balance, beginning of year | $ 364 | $ 292 |
| Capitalization of commissions, sales and issue expenses | 103 | 108 |
| Amortization | (92) | (35) |
| Change in unrealized investment gains and losses | (1) | (1) |
| Balance, End of Year | $ 374 | $ 364 |