Virginia

From the historic streets of Alexandria to the scenic Shenandoah Valley, families across Virginia turn to Spicer Financial Group for guidance that’s practical, personal, and built for real life. Whether you’re starting your career in Richmond, raising a family in Virginia Beach, or enjoying the quiet charm of the western mountains, we’re here to help you plan with confidence and clarity.

Serving these areas, and more:

  • Northern Virginia (Arlington, Alexandria, Fairfax, Loudoun)

  • Blacksburg / Christiansburg / New River Valley

  • Hampton Roads (Virginia Beach, Norfolk, Newport News, Chesapeake)

  • Richmond / Midlothian / Glen Allen

  • Roanoke / Salem / Western VA

  • Charlottesville / Albemarle County

  • Winchester / Shenandoah Valley

  • Williamsburg / James City County

  • Fredericksburg / Stafford

 Virginia Life & Financial Planning FAQs

Life Insurance in Virginia

  • Employer coverage can help, but it usually isn’t enough to fully protect your family’s financial future. A personal policy lets you choose the amount, type, and term, and coverage stays with you even if you switch jobs.

  • Many aim to replace several years of income, pay off their mortgage, and fund future goals such as college or retirement. We’ll guide you in determining the coverage that fits your lifestyle and needs.

  • Virginia offers a 10-day “free look” period for new policies so you can review and cancel if needed. Insurance companies must pay approved claims promptly and clearly communicate policy details to policyholders and beneficiaries.

Retirement Planning in Virginia

  • 401(k)s, IRAs, and annuities are widely used to build retirement income. Social Security benefits aren’t taxed by the state, which can simplify planning your retirement cash flow.

  • As early as possible. Even if you’re mid-career or nearing retirement, we can help you structure your savings and income to meet your long-term goals.

  • Yes! We’ll evaluate your savings, projected expenses, and desired lifestyle to create a plan that allows you to retire on your terms.

Mortgage Protection in Virginia

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

  • It’s optional, but many homeowners choose it to safeguard their family’s largest financial commitment

  • Absolutely! Your coverage can be updated at any time, and should match your current mortgage balance and homeownership situation.

College Funding Strategies in Virginia

  • The Virginia529 College Savings Plan offers tax advantages and flexible investment options for families saving for higher education. We’ll help you determine if it’s the right fit or if another strategy better supports your goals.

  • Yes! Parents, grandparents, and friends can contribute, providing a meaningful way for loved ones to support your child’s future.

  • Funds can be transferred to another family member or used for trade school, graduate school, or other qualified programs, keeping your savings flexible.

Estate & Legacy Planning in Virginia

  • Estate planning protects your assets and ensures they’re distributed according to your wishes. Legacy planning focuses on the lasting impact you want to leave — supporting family, charitable giving, or wealth preservation.

  • Yes. Without one, state law decides how your assets are distributed, which may not reflect your wishes. A clear estate plan reduces stress and avoids costly legal complications for your loved ones.

  • Life insurance provides immediate cash to cover debts, taxes, or final expenses, keeping your family from having to sell assets under pressure.

  • Not at all! Every Virginia family can benefit from protecting their home, savings, and legacy with proper planning.

Debt Protection in Virginia

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

  • Not exactly. Life insurance protects your family broadly, while debt protection focuses on specific loans. Many families use both to ensure full coverage.

  • Anyone with ongoing debt or shared financial obligations, especially single-income households or families with significant loans.

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

Income Protection in Virginia

  • It replaces part of your paycheck if illness or injury prevents you from working, helping maintain financial stability while you recover.

  • Some do, but most plans are short-term or partial. Private coverage can fill the gaps for full financial protection.

  • It depends on the plan you choose. Some policies last a few years, others extend until retirement. We’ll help you choose the best option for your needs.

  • Costs vary based on your job, health, and coverage level, but most families find it affordable and well worth the peace of mind it provides.