That is, the insurance policy doesn't just insure you against death, it also builds value over the years.

也就是说,保单不仅仅,补偿死亡带来的损失,它们还会逐年增值

耶鲁公开课 - 金融市场课程节选

What he invented was an insurance policy that had a cash value and that's another-- it's a cash value on the insurance policy.

他创造了一种保单,这种保单具有现金价值,指带有储蓄性质的保单所具有的价值

耶鲁公开课 - 金融市场课程节选