Pacific Life Sold Complex IUL Policy as Retirement Strategy: Lawsuit
February 24, 2026 by Melanie Waddell
Pacific Life Insurance Co. has been sued over an alleged scheme in which it, along with other defendants, sold a complex insurance product not as life insurance but as a sophisticated retirement planning strategy.
The lawsuit was brought in South Carolina Circuit Court for Anderson County by RP Legal and Vernon Litigation Group on behalf of two retirees who state that they were fraudulently induced to liquidate $1.5 million in retirement accounts to purchase an unsuitable insurance policy through their “Retirement Approach No Tax,” or RANT, strategy.
Originally Posted at Think Advisor on Feb 17, 2026 by Melanie Waddell.
Categories: Industry Articles
