re: Whole Life, Infinite Banking (IBC), Cash Flow

Whole life has better guarantees.
Guaranteed payment.
Guaranteed death benefit.
If you make your payments and pay the interest on the loans, then you are guaranted to have the death benefit minus the loans regardless of your age.

To get those guarantees, you are giving up the return on the cash value. And you are giving up the opportunity to "overfund" the policy that escalates the cash value much quicker. With the payments that you are referencing, you are excited about the possibility of over funding a policy (this means that you would be able to purchase a smaller life insurance policy which would have a lower cost of insurance which means that the same payment on your whole life would put substantially more money in your cash account). More of your payments in the cash value with the tax deferred compound growth and quick/easy loans is the enticement of the universal life policy.

Good luck.