Explain the difference in quotes for the man and the woman

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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?

Reference no: EM131190737

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