Whole life insurance

Salem Alikoum. I hope my message finds you well. I would like to inquire whether whole life insurance is Haram or not. I tried to summerize the contract as below. Jazakum Allah keira. Whole life insurance is a type of permanent life insurance that covers you for your entire life, as long as you keep paying the premiums. It also builds cash value over time, which you can borrow against or withdraw while you're still alive. Key features: 1. Lifelong coverage — it pays a death benefit to your beneficiaries no matter when you die (as long as premiums are paid). 2. Fixed premiums — the amount you pay monthly or annually usually stays the same for life. 3. Cash value accumulation — part of your premium goes into a savings-like cash value account that grows over time, often at a guaranteed rate. This one I already have declined due to interest. But I have asked to keep the cash value as is similar to saving bank account. 4. You can borrow against it — you can take out loans from the cash value while you’re alive, though it reduces the death benefit if not repaid. 5. More expensive than term life insurance — because it provides lifetime coverage and a cash value component.