Lucia and Kenji Taylor have completed Step 1 of their needs analysis worksheot and determined that they need $2,418,000 to maintain the projected. lifestyle of kenji (age 38) and their two chlldren (ages 8 and 10) in the event of Lucia's (the primary earner's) death. The Taylors alse have certain financial resources available after Luela's death, however, so their life insurance needs are lower than this amount. If Lucia dies, Keng will be eligible to recelve Social Security survivors benefits-approximately $3,800 a month (\$45,600 a year) until the youngest child graduates from high school in 10 years. After the children leave home, Kenjl will be able to work full-time and earn an estimated $38,000 a year (after taxes) until he retires at age 65 . After Kenji turns 65 , heil receive approximately $3,200 a month ( $38,400 a year) from his own Social Security and retirement benefits. The life expectancy for a man within Kenjis dernographic is 80 . The couple has also saved $42,300 in a mutual fund, and Lucia's employer provides her a $100,000 life insurance policy. Using this information, complete Step 2 of the needs analysis worksheet to estimate their total financial resources avallable after death. (Noter If the value of a certain entry is zero, be sure to enter "o" to receive credit.) Lfe Insurance Needs Analysis Worksheet (Part 2) Finaly, to determine the value of Mfe insurance Licia and kenji shouid purchase, complete Step 3 or the needs analrsis method by subtracting the total financial resources availabie from the total financiaf resources needed. Step 2; Financial Resources Available After Death Finally, to determine the valve of life insurance Ludia and Kerji should purchase, compiete 5 tep 3 of the needs analysis method by subtracting the total finasial resources avallable from the total financial resources needed. True or False: Aternatively, the Taylors could have estimated their life insurance needs using the multiple-or-earnings method, a less complicated but less accurate method than the needs analysis. False Tre