Martin, a licensed insurance agent, meets with his client Kim for an insurance review. Kim had purchased a 10-year term policy from Martin a few years ago and is now considering exercising the conversion option. Martin suggests Kim convert her 10-year term policy to either a Term-100 or whole life policy. When Kim asks what the difference is between the two types of policies, which of the following is the CORRECT response that Martin should provide Kim? Term-100 coverage typically has more stringent underwriting requirements but provides more comprehensive coverage than whole life. Term-100 coverage would expire and leave the policyholder uninsured if they lived past age 100, whereas whole life coverage would still continue. Whole life policies are generally more expensive than Term-100 policies, although some may allow policyholders to share in the insurance company's surplus revenue. Whole life policies offer fewer non-forfeiture options than Term-100 policies, primary due to smaller cash surrender values.