4. Hassan is 45 years old. You are a life insurance producer, and Hassan has indicated that if he dies prematurely he wants coverage that will replace the portion of his income needed to support his family until he would have retired (at age 65). He expects his average annual earnings will be $64,000, of which he expects half will be needed to support of his family. He agrees that an annual discount rate of 5% is appropriate. How much insurance does this suggest for Hassan? 5. What type of household is likely to have the least need for life insurance? 6. What is the period during which a surviving spouse is ineligible for Social Security benefits called? 4. Hassan is 45 years old. You are a life insurance producer, and Hassan has indicated that if he dies prematurely he wants coverage that will replace the portion of his income needed to support his family until he would have retired (at age 65). He expects his average annual earnings will be $64,000, of which he expects half will be needed to support of his family. He agrees that an annual discount rate of 5% is appropriate. How much insurance does this suggest for Hassan? 5. What type of household is likely to have the least need for life insurance? 6. What is the period during which a surviving spouse is ineligible for Social Security benefits called