How to name beneficiaries and fund a trust at Berkshire Hathaway Life
Covers 4 insurance accounts — beneficiaries can be updated by phone
Annuity Owner Services / BH Structures
BHG Structured Settlements, Inc., 1314 Douglas Street, Suite 1400, Omaha, NE 68102-1944
Annuity Owner Services / BH Structures
BHG Structured Settlements, Inc., 1314 Douglas Street, Suite 1400, Omaha, NE 68102-1944
Claims / Annuity Owner Services
BHG Structured Settlements, Inc., 1314 Douglas Street, Suite 1400, Omaha, NE 68102-1944
Beneficiary designations are the foundation of estate planning for Berkshire Hathaway Life policies. Unlike bank accounts, insurance products cannot be retitled into a trust. Instead, the beneficiary designation itself determines who receives the proceeds and how quickly they're paid. Naming a trust as beneficiary is an option when more control over distributions is needed.
Berkshire Hathaway Life offers 4 policies, each with its own transfer rules. The sections below cover how to set up beneficiaries, fund a trust, and which products support each approach.
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- Structured settlement beneficiary changes may be restricted by the terms of the settlement agreement
- Trusts can be named as beneficiary for remaining certain payments
- Primary and contingent beneficiaries allowed with percentage allocations
- Beneficiary change requests must be submitted in writing
- If payments are made jointly, both persons must sign the beneficiary change request
- Electronic signature program available for enrolled annuity owners
Sources
Data sourced from Berkshire Hathaway Life primary sources (14 pages reviewed). How we research.
Download these Berkshire Hathaway Life instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against Berkshire Hathaway Life primary sources. Bring it to the branch or keep it beside the phone.
Annuity Owner Services / BH Structures
BHG Structured Settlements, Inc., 1314 Douglas Street, Suite 1400, Omaha, NE 68102-1944
Annuity Owner Services / BH Structures
BHG Structured Settlements, Inc., 1314 Douglas Street, Suite 1400, Omaha, NE 68102-1944
Claims / Annuity Owner Services
BHG Structured Settlements, Inc., 1314 Douglas Street, Suite 1400, Omaha, NE 68102-1944
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