Insurance Conversion Term to WL

I’m 39, about half way through a 20 year term. My agent just let me know that I have 30 days to decide if I want to convert some or all of the term policy to whole. He’s recommending an IUL for most if not all my coverage. I currently make around 110k/year, single income, wife doesn’t work, 2 kids (7/10). Have about 300k in retirement accounts, about 30k savings, 200k mortgage, 30k land loan on a lot we plan to build on, 100-150k home equity. I will be eligible for retirement with full pension in 25 years if I stay with my current employer. My wife is looking at part time employment now that kids are both in school but for the purpose of figuring this all out I’m assuming she ends up deciding not to work. I currently have a death benefit through work of about half a million dollars but it goes away whenever I leave the company. I am currently what farmers calls “platinum choice non-nicotine” which would still apply if I convert some or all of my policy to IUL or other whole life product.

The questions I’m trying to answer are:

What’s the right split between term and whole?

Is IUL the way to go with whole life?

Is there anything else I need to be considering? Shopping around for a better deal? Anything else?