Pacific Life Insurance Company PDX Policy Class Action Settlement
California residents who purchased Pacific Discovery Xelerator indexed universal life insurance policies between 2017 and 2019.
Settlement Closed
Who’s Eligible
You may be eligible for the Pacific Life Insurance Company settlement if you:
- Purchased a Pacific Discovery Xelerator (PDX) indexed universal life insurance policy
- Policy was issued by Pacific Life Insurance Company
- Policy was purchased in California
- Policy was issued between 2017 and 2019 (or late 2016)
- You are the policy owner or legal entity owner
Eligible States
Claim Deadline
What You Need to Do to Get Paid
To get paid from the Pacific Life Insurance Company settlement:
For In-Force Policies
No action required. If your PDX Policy is in-force on October 31, 2025 and remains in-force through distribution, you automatically receive a credit to your policy’s Accumulated Value.
For Terminated Policies
Submit a Term Insurance Application by April 10, 2026.
Claim Online: Visit https://illustrationsettlement.com/ to complete and electronically sign your application.
Claim by Mail: Call 1-833-754-9443 to request a paper application, then mail your completed form to:
Illustration Settlement
c/o Kroll Settlement Administration LLC
PO Box 225391
New York, NY 10150-5391
Postmark deadline: April 10, 2026
In-force policy holders receive automatic credits with no action or proof required. Terminated policy holders must submit a Term Insurance Application to receive three years of free term life insurance, but do not need to provide proof of purchase.
Settlement Payout
Pacific Life Insurance Company settlement payments vary based on your policy status. If your PDX Policy is in-force on October 31, 2025 and remains active through distribution, you receive an automatic credit to your policy’s Accumulated Value calculated as your total premiums divided by all class premiums paid, multiplied by the net settlement fund. If your policy is terminated, you may apply for three years of free term life insurance with a face value calculated similarly based on your terminated policy’s face amount.
- Gross Settlement Fund: $33,000,000
- Attorneys’ Fees (not to exceed): $10,890,000
- Class Counsel Expenses (not to exceed): $1,200,000
- Plaintiff Service Award (not to exceed): $25,000
- Term Insurance Relief (maximum aggregate face value): $25,000,000
- Additional Attorneys’ Fees (not to exceed, paid separately): $4,500,000
Background of the Lawsuit
Abigail Mamboleo sued Pacific Life Insurance Company over the marketing and sale of Pacific Discovery Xelerator (PDX) indexed universal life insurance policies. Plaintiff claimed that illustrations and marketing materials presented inflated profitability projections that misled policyowners about the true costs and value of the PDX Policies.
Pacific Life denied all claims and liability, maintaining that it did not violate any law and asserting various defenses. The parties did not go to trial. Instead, after extensive arms-length negotiations with a neutral mediator, they agreed to settle to avoid the risks and expenses of ongoing litigation.
Under the settlement, in-force policyowners receive automatic credits to their policy accounts, while terminated policyowners may apply for three years of free term life insurance. Pacific Life also committed to managing policy features consistently for three years and paying settlement costs separately from the main settlement fund.
Frequently Asked Questions
Who qualifies for the Pacific Life Insurance Company settlement?
What is the deadline to claim benefits in the Pacific Life Insurance Company settlement?
How do I file a claim in the Pacific Life Insurance Company settlement?
How much will I receive from the Pacific Life Insurance Company settlement?
Do I need to submit proof of purchase?
What happens if I exclude myself from this settlement?
When will the Court decide whether to approve the settlement?
What if I think the settlement is unfair?
Settlement Administrator
Illustration Settlement
c/o Kroll Settlement Administration LLC
PO Box 225391
New York, NY 10150-5391
Case Details
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Disclaimer
The information on this website is free to access and provided for general educational and informational purposes only. It is not legal advice. We summarise settlement information from official notices, court documents, settlement websites, administrators, and other primary sources where available.
Settlement details and deadlines may change. Always refer to the official settlement website or consult a licensed attorney for advice specific to your situation.
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