There's something called "variable life," which refers to a life insurance policy where the policyholder can make decisions about the investment of the money in the whole life policy.

有种保单叫做"可变寿险",作为终身寿险的一种,投保人可以自主选择,在终身寿险上进行多少投资

耶鲁公开课 - 金融市场课程节选

Variable life insurance can cut your tax bill, but your financial picture has to be just so.

FORBES: Magazine Article

Expensive, poor performing variable annuity insurance products dominate this niche that many mutual fund companies seemly ignore.

FORBES: Problems Areas for Pensions: 457/403(b); Custodial Services; Minority/Emerging Managers (May 2, 2006 )

There are some money management firms, particularly variable annuity insurance companies that have pursued this marketing course to a level of absurdity.

FORBES: Everyone Wants Kool Aid: Pruning the Money Management Tree (October 29, 2008)