Kyle Busch Sues Pacific Life Over $8.58M Loss

Kyle and Samantha Busch say they lost more than $8.58 million after paying over $10.4 million in premiums for Indexed Universal Life (IUL) policies purchased from Pacific Life. In a lawsuit filed Oct. 14 by RP Legal against Pacific Life and an appointed agent, the couple alleges the products were misrepresented as tax‑free, self‑funding retirement plans and that sales materials used misleading illustrations and undisclosed fees. The complaint alleges false promises of guaranteed multipliers and controllable charges, failure to disclose risks including variable interest crediting, policy charges and potential policy lapse, and inadequate supervision and conflicts of interest. The Busches released a video and social posts warning retirees and other consumers that optimistic growth assumptions and opaque fee structures can produce catastrophic losses. They are pursuing legal redress while urging greater public awareness of these complex, high‑cost insurance products.