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Kyle Busch has revealed that he and his wife, Samantha, lost over $8million in what he described as a life-insurance investment scheme. The couple posted a video on Tuesday to warn others of the alleged scam. In a legal complaint filed with RP Legal and council, the family has named Pacific Life as one of its appointed defendants RP Legal has stated that this comes after Indexed Universal Life policies were pitched wrongly. The full statement says the firm “accuses Pacific Life and its appointed agent of designing and promoting a series of complex Indexed Universal Life policies as ‘tax-free retirement plans’ that were misrepresented as safe, self-funding investment vehicles.” MARTINSVILLE, VIRGINIA – OCTOBER 26: Kyle Busch, driver of the #8 BetMGM Chevrolet, waves to fans as he walks onstage during driver intros prior to the NASCAR Cup Series Xfinity 500 at Martinsville Speedway on October 26, 2025 in Martinsville, Virginia. (Photo by David Jensen/Getty Images) In a statement from the two-time champion, he said: We’ve always tried to take the hardest chapters of our life — infertility, loss, setbacks — and use them for good. Today is one of those moments.We are sounding the alarm on a hidden insurance scam involving policies being sold by Pacific Life and other insurance carriers.… pic.twitter.com/RyYPzzN7KM— Kyle Busch (@KyleBusch) October 28, 2025 “I never thought something like this could happen to us. 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 long after racing. We trusted the people who sold them, and the name Pacific Life. But the reality is far different. What was pitched as retirement income turned out to be a financial trap.” Samantha Busch added: “Now that we are going through this process, I am learning how completely misrepresented these products can be when they’re sold. “It makes me worry about families, retirees, and anyone trying to plan responsibly for their future who may be hearing those same promises. If this could happen to us, it could happen to anyone, and I want people to be aware and protect their financial future. “If sharing our experience helps even one person protect their financial future, then speaking out is worth it.” According to the filing, the couple has paid more than $10.4million into premiums and are claiming losses upwards of $8.85million. Robert G. Rikard, founding attorney of RP Legal LLC said: “This is not just an issue for celebrities or professional athletes. It is an issue for everyday Americans. “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 how it’s marketed and presented as guaranteed paths to retirement security. Kyle and Samantha’s experience is a clear example of how easily that can happen. “Our mission is to hold the industry accountable and help families recover what they have lost.”
