Aren't the Whole Life Policies set up where you cannot withdraw YOUR cash value without paying a penalty....basically treated like a loan? But it's my money, right. Why do I need to borrow my money??

I also heard that if you die and your death benefit is 100k (example) and your cash value might be 10k the amount paid to your beneficiary would be 100k. The insurance keeps YOUR cash value. Is this true?