Maryland

From Baltimore to the Eastern Shore, families across Maryland turn to Spicer Financial Group for practical, approachable guidance on life insurance, retirement planning, and financial protection. Whether you’re starting a career in Rockville, raising a family in Annapolis, or enjoying the slower pace of Western Maryland, we’re here to help you plan for the future with clarity and confidence.

Serving these areas, and more:

  • Baltimore / Towson / Catonsville

  • Columbia / Ellicott City / Howard County

  • Silver Spring / Bethesda / Rockville

  • Annapolis / Anne Arundel County

  • Frederick / Hagerstown / Western MD

  • Prince George’s County / College Park / Bowie

  • Montgomery County / Gaithersburg / Germantown

  • Eastern Shore / Salisbury / Ocean City

  • Southern Maryland / Waldorf / La Plata

 Maryland Life & Financial Planning FAQs

Life Insurance in Maryland

  • Employer coverage is helpful, but it often isn’t enough to fully protect your family. Your own policy lets you choose the type and amount of coverage you need, and it stays with you if your job or circumstances change.

  • Many Maryland families aim to replace several years of income, pay off a mortgage, and fund future goals like college or retirement. We’ll help you determine the right coverage for your unique situation.

  • Maryland law provides a 10-day “free look” period to review a new policy and cancel for a full refund. There’s also a minimum 30-day grace period for missed payments. Insurance companies are required to pay beneficiaries promptly once a claim is approved.

Retirement Planning in Maryland

  • Many Maryland residents use a combination of 401(k)s, IRAs, and annuities. We’ll help you structure your savings and income to make the most of state-specific tax rules and maximize your retirement security.

  • The earlier, the better, but it’s never too late. Even if you’re closer to retirement than you’d like, we can help you make smart moves to protect your future income.

  • Yes! We’ll review your income, savings, and goals so you can create a realistic plan to retire on your terms.

Mortgage Protection in Maryland

  • It’s a life insurance policy designed to pay off your mortgage if something happens to you, ensuring your family can stay in their home without financial stress.

  • No, but it’s a smart way to protect one of your biggest assets.

  • Absolutely! We’ll help you update coverage to reflect any changes in your mortgage balance or home situation.

College Funding Strategies in Maryland

  • 529 plans are a popular choice due to tax advantages, along with options like custodial accounts or life insurance with cash value. We’ll help you select the approach that works best for your family.

  • Yes! Grandparents, aunts, uncles, and friends can all contribute, helping your child’s education fund grow faster.

  • That’s okay! Funds can often be transferred to another family member or used for trade/technical school. We’ll make sure your savings remain flexible.

Estate & Legacy Planning in Maryland

  • Estate planning protects your assets and ensures they go where you want. Legacy planning focuses on your lasting impact — supporting loved ones, charities, or future generations.

  • Yes. Without them, state law decides who gets what, and their rules may not align with your wishes. A will or trust provides clarity and reduces stress for your loved ones.

  • Life insurance provides cash to cover taxes, debts, or other expenses so your heirs aren’t forced to sell assets under pressure.

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

Debt Protection in Maryland

  • It helps pay off loans — like credit cards, auto loans, or personal loans — if you pass away or become disabled, so your family isn’t burdened with debt.

  • Not exactly. Life insurance is broader and flexible, while debt protection targets specific obligations. Using both can provide complete coverage.

  • Anyone with ongoing loans, especially single-income households or families sharing debt. It reduces stress and ensures financial security.

  • It’s optional, but many families choose it as an extra layer of protection.

Income Protection in Maryland

  • It replaces part of your paycheck if you can’t work due to illness or injury, helping you maintain bills and lifestyle while recovering.

  • Sometimes, but employer-provided plans are usually limited. A private plan provides more control and reliable protection.

  • Some pay benefits for a few years, others last until retirement. We’ll help you choose a plan that fits your needs.

  • Most families find it affordable for the peace of mind it provides. Your rate is based on your health, job, and coverage amount. We’ll help you find a plan that works for you and your budget.