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double NASCAR Cup Series champion Kyle Busch and his wife are warning the public about an alleged life insurance scheme that they claim caused their family to lose more than $8.5 million.
Bush and his wife Samantha released statements Tuesday announcing they had filed a lawsuit against Pacific Life for allegedly “developing and promoting a series of comprehensively indexed universal lives (IULs).” politics as “tax-free retirement plans” that were presented as safe, self-funded investment vehicles.”
NASCAR Cup Series driver Kyle Busch (18) and his wife Samantha stand before the start of the 1000Bulbs.com race at Talladega Superspeedway in Talladega, Alabama on October 14, 2018. (Jasen Winlove/USA Today Sports)
“According to the complaint, defendants used misleading illustrations, undisclosed expenses and false promises of guaranteed multiples and controlled fees to induce the Bushes to pay more than $10.4 million in premiums, resulting in net out-of-pocket losses exceeding $8.58 million,” RP Legal, which represents the Bushes, said in a press release.
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In a statement provided by the firm, Bush said he was drawn into a “financial trap.”
“I never thought something like this could happen to us,” he said. “These policies were sold to us as part of a retirement plan—something safe and secure that would grow tax-free and protect our family for a long time. after the races. We trusted the people who sold them and the Pacific Life name. But the reality is completely different. What was presented as retirement income turned out to be a financial trap.”
Samantha Bush echoed that sentiment, adding that their situation “makes me worry about families, retirees and anyone else who is trying to responsibly plan for their future and may be hearing the same promises.”
NASCAR Cup Series driver Kyle Busch's wife Samantha Busch arrives before the AAA Texas 500 at Texas Motor Speedway in Fort Worth, Texas on November 3, 2019. (Peter Casey/USA Today Sports)
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“If this could happen to us, it could happen to anyone, and I want people to know and protect their financial future,” she added. “If sharing our experiences helps even one person protect their financial future, then speaking out is worth it.”
IULs are a type of life insurance that allows policyholders to build cash value based on stock market performance while offering a death benefit, but their earnings are limited by caps and reduced by fees, and they are subject to complex formulas that can make them riskier than they appear.
The Bushes argue that the policy was riskier and more complex than they anticipated.
NASCAR Cup Series driver Kyle Busch (8) prior to practice and qualifying for the NASCAR Cup Series Xfinity 500 at Martinsville Speedway in Martinsville, Virginia on October 25, 2025. (Greg Atkins/Imagn Images)
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“This is not just a problem for celebrities or professional athletes. This is a problem for everyday Americans,” attorney Robert G. Rickard said in a statement. “Across the country, teachers, small business owners and retirees are being sold complex life insurance contracts as if they were simple, risk-free retirement plans. The danger lies not in the product itself, but in the way it is marketed and presented as a guaranteed path to retirement security. Kyle and Samantha's experiences are a prime example of how easily this can happen. Our mission is to hold the industry accountable and help families rebuild what they have lost.”
In a statement to Fox News Digital, Pacific Life declined to comment on the details of the lawsuit.
“To maintain the privacy and trust of our clients, Pacific Life does not comment on the specifics of individual matters. For nearly 160 years, we have been committed to fairness, integrity, and acting in the best interests of our clients—and we continue to take that responsibility very seriously. Pacific Life offers several different life insurance products, each with unique features that are important to understand before making a decision. We encourage people to visit our website or contact their financial advisor to learn more about our products.”
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