by Structured Settlement Watchdog
Berkshire Hathaway Life Insurance Company of Nebraska is one of the strongest structured settlement annuity issuers out there. If you are receiving structured settlement payments from Berkshire Hathaway, there was probably a long term need when the structured settlement was established.
The wheelhouse for Berkshire Hathaway's pricing structure is long term cash flows.
Berkshire Hathaway is also very attractive to investors seeking alternative investments such as factored structured settlement payments streams. A problem arises when greedy structured settlement factoring companies charge a rate that exceeds what Berkshire Hathaway would charge under its Hardship Exchange program. Very simply, in such circumstances, anyone who is doing business with a structured settlement factoring company that charges more than 6.5% effective discount rate is getting ripped off. It could cost you real money.
Think about the reason why you are receiving the structured settlement in the first place. Were you injured? Did you lose someone important in your life? Now take that into account and ask yourself if you need money then why would you let some lame assed company rip you off?
If you have a genuine need and a genuine hardship, you should be able to negotiate a rate lower than 6.5%. If you have already sold Berkshire Hathaway structured settlement payments, look at your paperwork and if you have paid more than 6.5% I'd like to hear from you. As a resource to consumers and to legislators and interested others, I will be compiling a list of overpriced transactions targeting Berkshire Hathaway structured settlement annuitants which will include the names of originating structured settlement factoring companies who attempt to overcharge or succeed in overcharging Berkshire Hathaway annuitants.