Is Life Insurance a Tax Free Way to Draw on Money?

I have never really liked any of these plans that involve life insurance is a way, supposedly, to borrow money tax free or tax advantage. I've not liked the versions that have been pitched to me that involve using a home equity line. There are also pitches that use a combination of the two and i don't recommend either of them in either case. What are the chances of syberpendemic happening with the power grig going down? How much cash shall we have on hand if and when this happens?