So, with Gen Y pushing back events such a marriage, kids, etc in exchange for career, education, traveling they are also pushing back the accumulation of financial assets that will provide protection to themselves and their future family when time comes.

I hate this question because it perpetuates the misunderstanding that there is some arbitrary coverage amount that will fulfill an individual’s needs.

Most individuals interested in purchased these worst case scenario policies wait until either something very bad has happened to either themselves, a family member or close friend. These individuals do not realize that the longer you wait (the older you are) to purchase Life and Disability insurance the higher your yearly premium is going to be.