Skip to main content
See every side of every news story
Published loading...Updated

Former NASCAR champion Kyle Busch settles $8.5M lawsuit against life insurance company

The Busches claim they paid $10.4 million in premiums and lost $8.5 million due to misleading sales tactics involving indexed universal life insurance policies.

  • On Feb. 26, Kyle Busch and Samantha Busch reached an out-of-court settlement with Pacific Life Insurance Company, resolving an $8.5 million lawsuit, according to a court filing.
  • Last October, the couple sued after alleging they paid over $8,500,000 in premiums and lost more than $8.5 million, accusing Pacific Life of misleading marketing.
  • In January, Pacific Life argued the suit is time-barred under a three-year statute of limitations, noting it was filed seven years after the policies began.
  • Pacific Life said both sides worked constructively to achieve a confidential result that is mutually acceptable and avoids further legal proceedings between the parties.
  • Allegations center on how the policies were marketed and sold, saying the dispute involves indexed universal life policies sold as `tax-free retirement plans` and invoking North Carolina's Unfair and Deceptive Trade Practices Act for prioritizing commissions over policyholder interests.
Insights by Ground AI

9 Articles

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 50% of the sources lean Left, 50% of the sources are Center
50% Center

Factuality Info Icon

To view factuality data please Upgrade to Premium

Ownership

Info Icon

To view ownership data please Upgrade to Vantage

Winnipeg Free Press broke the news in Winnipeg, Canada on Wednesday, March 4, 2026.
Too Big Arrow Icon
Sources are mostly out of (0)

Similar News Topics

News
Feed Dots Icon
For You
Search Icon
Search
Blindspot LogoBlindspotLocal