27yo not sure which life insurance to buy.

The title pretty much says it. 27 years old male making close to 200k. Im looking into having kids in 1-3years. Right now parents which are not well off will be beneficiaries.

I like the idea of being able to borrow against you cash value since I usually get personal loan to pay things to grow my business.

I have a job, own a couple rental properties, one business and decent stocks portfolio. Want to be able to also diversify with a life insurance.

Which route should I go? Term with the availability to roll over into whole? Or should I buy whole or universal right away?

Also if any recommendations as to with which company to buy will be appreciated. Thanks.