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Berkshire Hathaway Life Insurances Structured Settlement Hardship Program

When you are placed into a structured settlement it is meant to keep you from factoring your future payments. The structure is supposed to be created with your future needs in mind and thus the reason why it may seem odd that you come back to the table after 2 or 3 plus years looking for more money than the structure alloted. Unfortuanately this is a reality and most likely the reason why you are reading this article right now looking for help getting the cash that you need out of your Berkshire Hathaway Structured Settlement or annuity.

Whether it's the help from the team here at Einstein Structured Settlements who can help you unlock some of those future cash flows that are due in the future for a discounted rate today. The hardship program created by Berkshire Hathaway who is known to show up at your court date and object you from transferring because they want to compete to purchase your future payments as well. If a financial adviser or settlement planner didn't properly set up your structure settlement and you are going back to your lawyer asking them how you can get funds today then this Hardship Program is setup for people just like you who need help.

This new hardhsip exchange program discourages annuitants and holders of a structure settlement payment from Berkshire Hathaway from cashijng out a portion of their settlement and in an effort to protect the distributions and protections that these instruments provide. With the understanding that life goals and scenarios change all the time leaving an annuity holder with no other option but to factor their payments. In a letter distributed Berkshire Hathaway has offered to help with another alternative and thus potential clients can call them directly in Omaha, Nebraska at 402-916-3799 to have any questions answered.

While there may be some dirty players in the structured settlement industry it's important to know about your options and finding a company willing to advance you the needed funds to get you to where you need to be to put food on the table is something that many insurance companies have opted not to do when we called and asked them if they would advance and help out structured settlement holders in need of capital. 

Below is a reference copy of the letters being sent out by Berkshire Hathaway.


Protecting a Great Decision

Why You Entered Into a Structured Settlement

You made a great decision when you structured a portion of your settlement proceeds as periodic payments. Your structured settlement is funded by an annuity from Berkshire Hathaway Life Insurance Company of Nebraska. This benefits you in several ways:

• Your structured payments are backed up by financially strong and well respected members of the Berkshire Hathaway Group.

• In most cases, had you accepted your entire settlement in cash, you would owe income tax on interest and capital gains from investments. Your structured payments will come to you 100% tax free.

• Your structured payments will continue to provide long-term security for the life of your contract, which may include payments for the rest of your life.

• Your structured payments will always come in the amount scheduled and at the time scheduled. Unlike stocks, bonds or real-estate, they cannot go down in value.

Beware of Companies Offering to Undo Your Structured Settlement

You may see advertising from companies offering to buy future payments from you. You may even be contacted directly by such companies who found your name in public records. You entered into a structured settlement for good reasons, and it is usually a bad idea to undo it. If you sell payments, not only will you give up the benefits of the structured settlement, but in most cases, you will be offered= substantially less than your payments are worth.

These companies may employ aggressive tactics to encourage you to make a bad decision. If you respond to their advertising or if they directly contact you and you show any interest, they may reach out to you repeatedly to try to get your business. If you exhibit a willingness to do a bad deal and sell some payments, they may aggressively encourage you to enter into repeat transactions. Since the sale of payments is public record, their competitors may also start to pursue your busines.

Any company attempting to buy your payments will need a court order to complete the transaction.

They will be required to provide us with notice of the court hearing. If you are offered poor economic terms, or if the company withholds important information from the court, we will intervene to make sure you and the judge know. While we cannot prevent you from willfully entering into a transaction that is not good for you, the court may rule that it is not in your best interests.

Our Hardship Exchange Program

We very much discourage you from cashing out a portion of your structured settlement and disturbing the important protections it provides, but we understand that your circumstances may change, leaving no other option. If you feel that you are in such a situation, please reach out to us as we may be able to help you with a better alternative. Please call us at 1-402-916-3799 with questions.

Stay In Touch

It is important that you keep your mailing address and other contact information up-to-date. If you want to establish direct deposit, change your direct deposit instruction, update your address or change your beneficiary designation, please see the attached General Information and Change Forms.

Berkshire Hathaway Life Insurance

Company of Nebraska