New Jersey

From the Jersey Shore to the Skylands, families across New Jersey turn to Spicer Financial Group for honest, straightforward guidance on life insurance, retirement planning, and financial protection. Whether you’re building a life in Hoboken, raising a family in Princeton, or settling down near the beaches of Cape May, we’ll help you prepare for the future with confidence and care.

Serving these areas, and more:

  • Newark / Jersey City / Hoboken / North Jersey

  • Trenton / Hamilton / Princeton

  • Edison / New Brunswick / Central Jersey

  • Atlantic City / Ocean City / South Shore

  • Cherry Hill / Camden / South Jersey

  • Morristown / Parsippany / Morris County

  • Hackensack / Paramus / Bergen County

  • Toms River / Brick / Shore Region

 New Jersey Life & Financial Planning FAQs

Life Insurance in New Jersey

  • Employer coverage is a great start, but it’s often not enough to protect your family’s full financial picture. Your own policy gives you more flexibility. You choose the amount, the type, and the term, and it stays with you no matter where you work.

  • Many New Jersey families choose enough to replace several years of income, pay off the mortgage, and cover future needs like college or retirement. We’ll help you calculate what makes sense for your lifestyle and goals.

  • New Jersey requires a minimum 10-day “free look” period, which gives you time to review your new policy and cancel for a full refund. Insurance companies must also pay approved death claims promptly, and clearly communicate policy terms to beneficiaries.

Retirement Planning in New Jersey

  • Most New Jersey residents use a mix of 401(k)s, IRAs, and annuities to build their retirement income. The state does tax some retirement income, but there are exemptions and deductions available depending on your age and income level.

  • The sooner, the better, but it’s never too late! Even if you’re approaching retirement, we’ll help you create a plan to maximize your savings and manage income efficiently.

  • Absolutely! We’ll help you assess your savings, expenses, and lifestyle goals to create a strategy that lets you exit the workforce on your terms.

Mortgage Protection in New Jersey

  • It’s a type of life insurance policy designed to pay off your mortgage if you pass away, so your family can keep the home they love without worrying about payments.

  • No, but many homeowners choose it for the peace of mind that comes with knowing their biggest financial commitment is protected.

  • Yes! If your mortgage changes, we can help you adjust your policy so your coverage always aligns with your loan balance.

College Funding Strategies in New Jersey

  • The NJBEST 529 College Savings Plan offers tax advantages and matching grants for qualifying families. We’ll help you decide if that’s the right fit, or if another savings strategy makes more sense for your goals.

  • Yes! Parents, grandparents, and friends can all make contributions. It’s great way for family to invest in your child’s education.

  • You can transfer 529 funds to another family member or use them for trade school, graduate school, or other qualified programs. There are flexible options to make sure your savings are put to good use.

Estate & Legacy Planning in New Jersey

  • Estate planning makes sure your assets are protected and distributed according to your wishes. Legacy planning goes further — it’s about the lasting impact you want to leave, whether that’s supporting family, giving to charity, or preserving generational wealth.

  • Yes. Without one, the state decides how your assets are distributed. Having a clear plan helps your family avoid confusion, delays, and unnecessary legal costs.

  • Life insurance means your loved ones will immediately have cash available to pay debts, taxes, or expenses without having to sell property under pressure.

  • Not at all! Every New Jersey family benefits from protecting their home, savings, and legacy through proper planning.

Debt Protection in New Jersey

  • Debt protection helps pay off personal loans, credit cards, or auto loans if you pass away or become disabled, so your family isn’t left with your debts.

  • Not exactly. Life insurance provides broad coverage for your family’s financial future, while debt protection is more focused; it ensures specific loans are taken care of. Many families use both for full protection.

  • Anyone managing significant debt — like a mortgage, car loans, or credit balances — can benefit. It’s especially useful for households with shared financial responsibilities.

  • No. It’s optional, but it’s an affordable way to add an extra layer of financial security.

Income Protection in New Jersey

  • It’s coverage that replaces part of your paycheck if you can’t work due to illness or injury, helping you maintain your financial stability while you recover.

  • Some do, but it’s often short-term or covers only part of your income. A private income protection policy can fill the gaps and keep your finances steady.

  • It depends on your plan. Some cover you for a few years, while others can last until retirement. We’ll help you choose what fits your goals and budget.

  • Usually not. Costs vary by job, health, and coverage level, but most families find it affordable, and well worth the peace of mind it brings.