For Ebony Ruffin, founder of Ruffin Consulting Services, a business consulting firm providing life insurance solutions to families and businesses, an unlikely gift from her mother put her on the path to build generational wealth, and it even started her path in the life insurance industry.
She received whole life insurance as a graduation gift
Shortly before Ruffin started college, Ruffin s mother gifted her with a whole life insurance policy. My initial reaction was, I m going to college, not passing away, Ruffin said, adding that at the time she didn t fully understand the gift that her mother gave her. Related
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First Republic Bank (Member FDIC) is a bank with branches in CA, CT, FL, MA, NY, OR, and WY.
First Republic pays higher interest rates than many brick-and-mortar banks.
The minimum opening deposits and monthly fees can be high, though you may be able to waive them.
This post was updated and reviewed on March 30, 2021: We updated this review with a new section on First Republic s Better Business Bureau rating and reputation as a company. We re currently adding information on trustworthiness to all of Personal Finance Insider s reviews.
Should you use Veterans United?
You might like Veterans United if you .
You might not like Veterans United if you .
Live near a branch or are comfortable applying online
Need a conforming, jumbo, FHA, USDA, or VA mortgage
Want to refinance a VA, conforming, or jumbo mortgage
Need to show alternative forms of credit (like utility bills) because you have a low or no credit score
Want to apply in person but don t live near a branch
Are looking for a home equity loan, HELOC, reverse mortgage, or construction loan
Want to refinance an FHA or USDA mortgage
The bottom line: Veterans United is a good option for several types of mortgages, but VA loans are its strongest products. It could also be a good fit if you have a poor or no credit score.