A number of Web sites, such as www.quickquote .com, offer instant quotes for term life insurance. Use one such Web site to compare the prices of $1 million 5-year term life policies for 50-yearold men and women.
Explain the difference in quotes for the man and the woman.
Suppose the U.S. government were to pass a law requiring insurers to offer the same prices for men and women.
What effect would you expect this to have on prices and insurance coverage?