As the primary breadwinner in her household, Catherine is determining her life insurance needs. Her husband was injured in a work-related accident and receives social security disability (SSDI) payments of $1606 a month. Their household expenses are $60,951 per year. If the prevailing interest rate is 5%, determine the amount of life insurance Catherine needs to purchase to cover the income shortfall. Round to the nearest thousand dollars. Amount of life insurance needed: $ Catherine is a 35-year-old female. Use Table 19-1 in your text to determine the annual life insurance premium if she purchases 10-year term life insurance to cover the income shortfall. Annual premium: $