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