Pacific Life Insurance Company has agreed to a $33 million settlement to resolve claims regarding marketing of its Pacific Discovery Xelerator (PDX) indexed universal life insurance policies. Current policy-holders will receive automatic policy credits. Former policy-holders can apply for three- year term life insurance through April 10, 2026.
Claim Value:
Varies
Pacific Life Insurance Company has agreed to a $33 million settlement in response to allegations that the company used misleadings policy illustrations in its marketing of Pacific Discovery Xelerator (PDX) indexed universal life insurance policies. Those who purchased a PDX policy in California between late 2016 and 2019 are eligible for automatic account credits for active policyholders or a three-year term life insurance policy for those whose policies have terminated. Former policy-holders who would like the offered policy must submit an application by April 10, 2026.
You may qualify for benefits if you purchased a Pacific Discovery Xelerator (PDX) indexed universal life insurance policy in California between late 2016 and 2019.
You purchased a Pacific Discovery Xelerator (PDX) indexed universal life insurance policy.
Your policy was issued in California between late 2016 and 2019.
Pacific Discovery Xelerator IUL 2 (PDX 2) policies do not qualify.
Active policy-holders receive automatic credits to their policy value.
Former policy-holders may apply for a three-year term life insurance policy.
Our mission is to help people get the compensation they deserve. We are providing this information and a direct link to the official site to ensure you don't miss out on money you may be owed. However, this will mean that claims submitted for this settlement will not be reviewed, monitored, or have additional support from ClaimsHero.
No. For this claim, we are directing you to the official claims administrator website. There are no fees from ClaimsHero. This is different from our full-service representation campaigns, where we work on a contingency basis, review and monitor the status of your claim, and only get paid if your claim is successful.
Our goal is to raise awareness and guide you to the official claims website. We do not review your claim, handle your documents, monitor the status of your claim, contact you if there are any needed revisions or updates, or represent you in this specific matter. Our goal is to ensure you are provided a path to make your claim.
You must file your claim directly on the official settlement website, which is managed by the court-appointed claims administrator. The only place to submit your claim is through the link provided above.
All questions about your claim must be directed to the claims administrator. Because we simply provide a path to the claims administrator’s website to submit, our support team does not have access to your submission details. You can find their contact information on the official website through the link provided above.
If you have more questions, please visit the official website of this settlement and contact the claims administrator.
