The stock car racing driver has accused the US insurer of misrepresenting its indexed universal life (IUL) policies, causing him US$8.6m in losses.
Two-time Nascar Cup Series champion Kyle Busch and his wife Samantha have demanded a jury trial against Pacific Life Insurance Co, one of the largest IUL providers in the US, for its alleged deceptive practices. These policies were sold to us as part of a retirement plan - Kyle Busch The couple paid US$10.4m in premiums to a series of IUL policies to Pacific Life through their trusts from 2018 to 2022 and suffered net losses of US$8.6m, according to a complaint filed to t