Take Money from 401k to Single Pay Life Insurance

Good morning everyone.
I enjoy the banter on this board and the good advice.
I have reached the ripe ole age of 59 and 1/2.
Having some money in a 401k I have thought about making
a withdrawal and single paying a SPWL or GUL.

Yes there will be taxes, but would my commission and
saved term premium I'm paying off set that over time?

I have looked at my Compulife and Midland National shows
up as the least expensive.
Not a favorite of mine.

Just throw some thoughts at me and I look forward to
your idea's and opinions.
Shooter
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