Illinois

From downtown Chicago to the suburbs and the farmlands of the Prairie State, families across Illinois turn to Spicer Financial Group for practical, trustworthy guidance on life insurance, retirement planning, and long-term financial protection. Whether you’re climbing the career ladder in the city, raising a family in the suburbs, or enjoying the slower pace of rural Illinois, we’re here to help you plan ahead with confidence and clarity.

Serving these areas, and more:

  • Chicago / Naperville / Schaumburg

  • Springfield / Central Illinois

  • Peoria / Bloomington-Normal

  • Rockford / Northern Illinois

  • Champaign-Urbana / Danville

  • Quincy / Macomb / Western IL

  • East St. Louis / Belleville / Metro East

  • Carbondale / Marion / Southern IL

  • Decatur / Effingham

  • Aurora / Elgin / Joliet

 Illinois Life & Financial Planning FAQs

Life Insurance in Illinois

  • Employer coverage can help, but it usually isn’t enough to fully protect your family’s future. Having a policy you choose means you’re in control of the amount, type and what happens if your situation changes.

  • That depends. Many Illinois families aim to replace multiple years of income, pay off their home, and support goals like college or retirement. We’ll work with you to find the right level so you’re covered—not overpaying.

  • Yes! You have a minimum 10-day “free look” period where you can cancel a new life policy for a full refund. Also, you get at least 30 days of grace if you miss a premium payment, and companies must make a timely payout on valid claims.

Retirement Planning in Illinois

  • Many Illinois residents use 401(k)s, IRAs, and annuities. The key is blending what you already have with what you’ll need so you can plan to retire with less stress.

  • The sooner the better. Whether you’re just starting or already approaching retirement, we’ll help you build a plan that aligns with your timeline and lifestyle.

  • Absolutely! If retirement in your 50s or early 60s is your goal, we’ll tailor your plan to make it realistic, covering savings, income streams, and what you’ll want your life to look like.

Mortgage Protection in Illinois

  • Think of it as a way to make sure your home stays safe for your family, even if something unexpected happens to you. It pays off your mortgage so your loved ones don’t face that burden.

  • No, you’re not required to have it, but many homeowners opt for it because their home is one of their biggest assets. It’s smart protection.

  • Yes! If your mortgage changes, we’ll help you revisit your coverage so it stays aligned with your current loan.

College Funding Strategies in Illinois

  • While every family’s situation is different, we often lean toward 529 plans because of their tax advantages. We’ll also explore other vehicles to see what’s best for you.

  • Yes! Grandparents, aunts, uncles, and friends can all contribute. It’s a great way for your child’s education to become a shared goal.

  • That’s okay. 529 funds in many cases can be redirected to technical school, graduate programs, or even transferred to another family member. We’ll make sure the money works for your family’s future.

Estate & Legacy Planning in Illinois

  • Estate planning is about protecting your assets and setting up how they’ll be distributed. Legacy planning adds the “why” behind it: the impact you leave, what values you pass on, how you want your family remembered.

  • Yes. Without them, Illinois law decides where your assets go, which might not match your wishes. A will or trust brings clarity and ease for your loved ones.

  • Life insurance can provide quick access to funds for your heirs, covering taxes, debts, or other expenses without needing to sell assets. It’s one of the most practical tools in a strong estate plan.

  • Not at all! Every family in Illinois benefits from a plan that protects their home, savings, and personal items. Even straightforward planning makes a difference.

Debt Protection in Illinois

  • It’s focused protection, covering debts like auto loans, credit cards or other personal loans if something happens to you. It means your family won’t be burdened with payments when they’re already dealing with enough.

  • No. Life insurance provides broader protection, allowing flexibility in how the money is used. Debt protection is about specific obligations. Both have value, and using both can fill more gaps.

  • Anyone with lasting debt, especially single-income households or families sharing loans. It gives an extra layer of security to your financial plan.

  • No, but it’s a very smart, affordable safeguard that many families choose to keep their finances clear and stress-free.

Income Protection in Illinois

  • It’s a plan designed to replace some of your paycheck if you can’t work because of illness or injury. Essentially: keeping your bills paid and your lifestyle rooted even when you’re temporarily out of work.

  • Many do, but employer plans are usually limited in duration, amount or conditions. A personal plan gives you more flexibility and control over how your income is protected.

  • It depends on the policy you choose. Some pay benefits for a few years, others last until you return to work or even until retirement age. We’ll help you pick what’s right for you.

  • It usually costs far less than you think, especially compared to the potential cost of losing your income. Your rate depends on your job, health and the coverage amount you choose.