Consider the following information of a Whole Life policy and a Term Life policy: Guaranteed Contract Premium Guaranteed Death Benefit Projected Dividend Projected Cash Value Term Premium $2,300 $200,000 0 0 $325 $2,300 0 0 $330 $2,300 0 0 $335 $2,300 0 $3,500 $340 $2,300 $250 $6,000 $355 $2,300 $400 $9,000 $370 $2,300 $600 $13,000 $390 Which policy is better if cash can be invested at 9% return? Term Life Policy since IRR of difference in cash flows is greater than 9% Whole Life Policy since IRR of difference in cash flows is greater than 9% Term Life Policy since IRR of difference in cash flows is less than 9% Whole Life Policy since IRR of difference in cash flows is less than 9%