You only need to run if you throw like Max Duggan.

Buy term and invest the difference. There is a small argument to be made for a high cash value, participating whole life policy from a mutual company. Even so, the concept of Infinite Banking pioneered by Nelson Nash is better suited to those with net worth exceeding the IRS estate tax exemption limits. For peasants like airline pilots, doctors and engineers, a better solution is a brokerage account with low margin rates like Interactive Brokers. You accomplish the same thing, minus the estate tax exemption and have more control over how the "cash balance" is invested and grows.