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 his family. He agrees that an annual discount rate of 5% is appropriate. How much insurance does this suggest for Hassan