Pacific Life Insurance Company has agreed to a $58.3 million class action settlement to resolve claims that it used misleading illustrations when marketing its Pacific Discovery Xelerator (PDX) indexed universal life insurance policies, showing inflated performance projections that led California policyholders to purchase policies with undisclosed costs and lower actual returns.
⚠️ Urgent — Claim Deadline: April 10, 2026. File your Term Insurance Application or claim now at illustrationsettlement.com. This is also the opt-out and objection deadline. The Final Approval Hearing is May 7, 2026.
Pacific Life Settlement — Key Details
| Case Name | Mamboleo v. Pacific Life Insurance Company |
| Settlement Amount | $58,300,000 |
| Company | Pacific Life Insurance Company |
| Eligible Policy | Pacific Discovery Xelerator (PDX) — NOT PDX 2 or other products |
| Eligibility Period | PDX policies purchased in California, 2016–2019 |
| Who Can File | California policyholders (individual or entity) who purchased a PDX policy and received a settlement notice |
| Claim Deadline | April 10, 2026 ⚠️ File Now |
| Opt-Out / Objection Deadline | April 10, 2026 |
| Final Approval Hearing | May 7, 2026 at 2:00 PM PT |
| Expected Payout | ~August 2026 (if final approval granted without appeals) |
| Settlement Website | illustrationsettlement.com |
| Settlement Administrator | Kroll Settlement Administration LLC — 833-754-9443 |
Who Is Eligible?
You are eligible if you:
- Are a policyowner (individual or entity) who purchased a Pacific Discovery Xelerator (PDX) indexed universal life insurance policy issued in California
- Purchased the policy between 2016 and 2019 (note: PDX 2 and other Pacific Life products are NOT included)
- Received an official settlement notice with a Unique ID from the settlement administrator
What Benefits Can You Receive?
The settlement provides two types of relief, and you must choose one per policy (they are not stackable):
- In-Force Policy Relief (active policies): A premium credit applied to your PDX policy, with the amount based on your individual premium contributions proportional to the total premiums paid by all class members. Higher premium payers receive proportionally larger credits. Expected range: approximately $100–$500+.
- Term Insurance Relief (terminated policies): Up to 3 years of free term life insurance coverage through the settlement, provided you submit a completed Term Insurance Application by April 10, 2026. This requires applying through the official portal.
Additionally, for California residents with documented out-of-pocket losses: up to $5,000 in reimbursement, plus an alternative $100 cash payment option for those without documentation.
How to File Your Claim — Step by Step
- Go to illustrationsettlement.com and click Submit Term Insurance Application (for terminated policies) or the appropriate claim option for active policies.
- Enter your Unique ID from your settlement notice and click Next.
- Fill in your personal information and policy details.
- Select your relief option and complete all required fields.
- Submit before April 10, 2026.
For term insurance relief by mail, complete and sign the paper Term Insurance Application and mail it to: Illustration Settlement, c/o Kroll Settlement Administration LLC, PO Box 225391, New York, NY 10150-5391 (postmarked by April 10, 2026).
For assistance, call the settlement administrator at 1-833-754-9443.
Settlement Timeline
- Claim / opt-out / objection deadline: April 10, 2026 ⚠️
- Final Approval Hearing: May 7, 2026 at 2:00 PM PT
- Expected final approval: June 2026
- Expected payout: ~August 2026 (if no appeals)