please answer the true/false if you can also.

Antonio and Teresa Garcia are 52 years old and have one son, age 14 . Antonio is the primary eamer, making $80,000 per year. Teresa does not currently work. The Garcias have decided to use the needs analysis method to calculate the value of a life insurance policy that would provide for Teresa and their son in the event of Antonio's death. Antonio and Teresa estimate that while their son is still living at home, monthly living expenses for Teresa and their child will be about $3,300 (in current dollars). After their son leaves for college in 4 years, Teresa will need a monthly income of $2,750 until she retires at age 65 . The Garcias estimate Teresa's living expenses after 65 will only be $2,300 a month. The life expectancy of a woman Teresa's age is 87 years, so the Garcia family caiculates that Teresa will spend about 22 years in retirement. Using this information, complete the first portion of the needs analysis worksheet to estimate their totat living expenses. Life Insurance Needs Analysis Worksheet In addition to these monthly expenses, other future outlays must be accounted for. Before they had a child, Teresa worked as a financial consultant, but her knowledge and skills are now somewhat outdated. Therefore, they include $25,000 for Teresa to go back to school. Additionally, Antonio and Teresa want to create a college fund of $30,000 to fund their child's college education. They estimate that final expenses (funeral costs and estate taxes) will amount to $12,000. Finally, they have taken out a loan for a busines5 venture of $40,000 and an automobile loan of $3,000. Because the Garcias are renters, they have no outstanding mortgage. Using this information, complete the next portion of Step 1 to determine the total financial resources needed. The second half of the needs analysis worksheet is not shown on this page. To complete the worksheet and determine the value of the life insurance policy the Garcias should purchase, they need to factor in additional information. True or False: Antonio's future salary (if he does not die) should be accounted for in the remaining portion of the form. True False