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

In Renaissance Italy they started writing insurance policies-- I read one of the insurance policies, it's in the Journal of Risk and Insurance-- and they translate a Renaissance insurance policy and it's very hard to understand what this policy was saying.

在文艺复兴时期的意大利,人们开始编写保单,我看过其中一份,刊登在《风险和保险杂志》上,他们翻译了一份文艺复兴时期的保单,但是很难理解那份保单到底想说什么

耶鲁公开课 - 金融市场课程节选