NASCAR driver Kyle Busch and his wife, Samantha, have filed a lawsuit against Pacific Life Insurance Company, alleging deceptive practices in an Indexed Universal Life (IUL) insurance scheme that resulted in a loss of over $8.5 million. Busch, a two-time NASCAR Cup Series champion, believed he was purchasing a safe, tax-free retirement plan but discovered that most of his $10.4 million investment had been drained, and his policy was set to expire in 16 months. The lawsuit claims Pacific Life misrepresented the product as a low-risk, self-funding investment with guaranteed multipliers, but in reality, the policy relied on complex, speculative projections that shifted risk to the consumer. Busch was told that paying $1 million annually for five years would yield $800,000 annually from age 52, but he was later informed his money was being used for fees and charges, not market investments. The lawsuit also targets Pacific Life agent Rodney A. Smith for steering Busch into a high-risk, unsustainable product and charging a 35% upfront commission. Busch and his legal team warn that these policies are often marketed as risk-free retirement tools but are high-risk, fee-laden contracts that can erode savings. RP Legal LLC, representing the Busches, aims to hold the industry accountable and help victims recover lost funds. Pacific Life declined to comment on the lawsuit.