NASCAR driver Kyle Busch sues insurance company for $8.5 million, alleging deceptive practices
November 4, 2025 by John Marshall
AVONDALE, Ariz. (AP) — Kyle Busch bought what he thought was a safe life insurance plan that would provide self-funding income for his retirement.
When Pacific Life Insurance Company sent a sixth premium notice on what was supposed to be a five-year payment plan — and most of the money he invested was gone — the two-time NASCAR Cup Series champion knew something was wrong.
“I was like, wait a second, what am I getting a sixth-year premium payment for?” Busch said from Phoenix Raceway on Saturday. “We got on a call with the guy who sold me the premium policies and he ran me around in all these circles, couldn’t answer the questions, so I was like, this is fishy.”
Wink’s Moore on the Market: Oh, man.
I’ve known this day was coming for some time.
This puts the indexed life market at risk.
We have a high profile individual, who didn’t get what he paid for, and is shouting it from the rooftops; Newsweek style, that is.
Earnestly, not that their complaint isn’t valid, but they appear to have been coached by an attorney.
(Because the more clients you have that have been “scammed,” the more prospects you have for your practice- right?)
The wife says, “now that we are going through this process, I am learning how completely misrepresented these products can be when they’re sold.”
Oh, sister- you don’t know the half of it. Hit up Tik Tok, and you may get a glimpse.
“According to the filing, the couple has paid more than $10.4 million into premiums and are claiming losses upwards of $8.85 million.”
Based on what? (I’m working on getting a copy of the filing.)
The attorney says, “Our mission is to hold the industry accountable and help families recover what they have lost.”
Coming to a movie theatre near you…
P.S. I began lobbying National Association of Insurance Commissioners (NAIC) about illustrated rates being misleading in 2005. Look at where we are now. SMH.
Indexed life is a BEAUTIFUL life insurance product. It pains me to see things like this. –sjm
