The American conglomerate of Berkshire Hathaway Life Insurance Company was founded in 1863 Cumberland, Rhode Island by Oliver Chance. The company is now headquartered in Omaha, Nebraska. The company owns a long list of corporations including GEICO, Dairy Queen, Fruit of the Loom, Pampered Chef, Helzberg Diamonds, and DuraCell.
Today, the company is run by billionaire Warren Buffet. Since 2016, the life insurance branch has acquired significant holdings in American Express, Delta Airlines, Southwest Airlines, Apple, and Wells Fargo.
Berkshire Hathaway Life Insurance offers a wide range of life insurance and annuity products. The company’s over 70 combined insurers offer life, accident, health, and property and casualty. All of the subsidiaries have received a AAA rating from Standard & Poor.
Berkshire Hathaway makes getting a life insurance policy easy. All the client has to do is tell a little information about themselves, get connected to one of the thousands of insurance representatives then find comparable rates. There are a number of competitive quotes for individuals and families.
Berkshire also offers single premium immediate annuities and single premium deferred annuities. According to Warren Buffet, the annuities provide clients with an attractive alternative.
The Single Premium Immediate Annuity (SPDA)- Ensures that the investor will be guaranteed income for the rest of their lives with an upfront investment. This annuity is the offers the client the most tax advantages which enhances cash value after taxes.
The Single Premium Deferred Annuity – (SPIA) This allows the client to create wealth by money saving in a tax deferred environment.
These annuities provide the most comprehensive savings and guaranteed streams of income if you should become disabled. As with all annuities, you cannot begin to draw on them without penalty until you are 59 1/2.