Something about Infinite Banking

If you are wondering what infinite banking is all about, allow me to share what I know about it.  Infinite banking is when you borrow from your own whole life insurance.  As your policy earn cash values over the years, you can borrow from it to pay for a car, house repair, or where ever you might need the money for.  An interest is also charged to you just like with other loans.  The interest then is added to your principal amount and is considered an earning.  In principle, infinite banking is becoming your own banker by lending money and earning interests.  Now that you know about infinite banking, would you still borrow money from banks?