Delaware

From Wilmington to the Delaware beaches, families across the First State turn to Spicer Financial Group for clear, dependable guidance on life insurance, retirement planning, and financial protection. Whether you’re building a career in Dover, raising a family in Newark, or enjoying coastal life in Rehoboth, we’re here to help you prepare for the future with confidence and peace of mind.

Serving these areas, and more:

  • Wilmington / Newark / New Castle County

  • Dover / Camden / Kent County

  • Middletown / Odessa / Townsend

  • Smyrna / Clayton

  • Georgetown / Millsboro

  • Rehoboth Beach / Lewes / Bethany Beach

  • Seaford / Laurel / Sussex County

  • Milton / Milford

 Delaware Life & Financial Planning FAQs

Life Insurance in Delaware

  • Employer-provided coverage usually isn’t enough to fully protect your family, and it ends when you leave your job. Your own policy gives you lasting protection that you control, no matter where life takes you.

  • Many families choose enough to replace several years of income, pay off their home, and cover future expenses like education or retirement. We’ll help you find an amount that fits your goals and budget.

  • Yes! Delaware law gives you a “free look” period. This means you have 10 days to review a new policy and cancel for a full refund if you change your mind.

Retirement Planning in Delaware

  • Many residents use a combination of 401(k)s, IRAs, and annuities. Delaware is known for being tax-friendly to retirees- there’s no state tax on Social Security benefits, and retirement income gets special deductions.

  • As early as possible, but it’s never too late. Even if you’re nearing retirement, we can help you organize your income sources and plan for long-term stability.

  • Definitely! We’ll look at your savings, income streams, and lifestyle goals to design a plan that supports the retirement you want, when you want it.

Mortgage Protection in Delaware

  • It’s a type of life insurance designed to cover your mortgage if you pass away. It ensures your family can stay in their home without financial worry.

  • No, but it’s a smart choice for peace of mind. Homeownership is a major investment, and this coverage protects your family’s ability to keep the home they love.

  • If your loan changes, it is a good idea to adjust your policy so it matches your current mortgage balance. We can help you make sure that’s taken care of.

College Funding Strategies in Delaware

  • Delaware offers a state-sponsored 529 College Savings Plan, which provides tax advantages for contributions and growth. We can also explore other ways to build education savings, like life insurance with cash value or custodial accounts.

  • Yes! Anyone - grandparents, relatives, or friends - can contribute, making it a great shared goal for your child’s future.

  • You can transfer the funds to another family member, or use them for trade school or graduate programs. There are plenty of flexible options.

Estate & Legacy Planning in Delaware

  • Estate planning focuses on protecting your assets and ensuring they’re distributed the way you want. Legacy planning takes it further - it’s about the values and financial stability you want to pass on to future generations.

  • Yes. Without one, state law decides who inherits your assets, which may not reflect your wishes. A will or trust keeps things clear and easier for your loved ones.

  • Life insurance can provide quick access to cash for your family. They can use this to cover taxes, debts, or other expenses so they don’t have to sell property under pressure.

  • Not at all! Every Delaware family benefits from a simple plan that protects their home, savings, and personal belongings.

Debt Protection in Delaware

  • It helps cover certain debts — like car loans, credit cards, or personal loans — if you pass away or become disabled, so your loved ones don’t inherit your financial obligations.

  • Not quite. Life insurance protects your family more broadly. Debt protection is focused on paying off specific loans. Having both gives you well-rounded financial security.

  • Anyone with ongoing debts, especially single-income households or families with shared debt. It’s a simple way to remove a big source of financial stress.

  • No, but it’s a smart, affordable safeguard that many families choose for extra peace of mind.

Income Protection in Delaware

  • It replaces part of your income if you can’t work due to illness or injury. It helps you cover bills, rent, and everyday expenses while you recover.

  • Some do, but it’s often limited. Private income protection gives you stronger, more flexible coverage that you control.

  • That depends on the plan. Some cover a few years, while others last until retirement. We’ll help you find what fits your needs.

  • It’s usually very affordable, especially compared to the risk of losing your paycheck. Your cost depends on your job, health, and coverage amount.