Pacific Life $58 Million+ PDX Insurance Settlement
Steve Levine | Published: February 25, 2026
Status: Open — Automatic for In-Force Policies / Application Required for Terminated Policies
Term Insurance Application Deadline: April 10, 2026
Settlement Value: $33,000,000+ (Cash Fund) + $25,000,000 (Term Insurance) + $14,300,000 (Additional Benefits)
If you purchased a Pacific Discovery Xelerator (PDX) indexed universal life insurance policy in California, a class action settlement may provide you with significant benefits. The lawsuit alleged that Pacific Life used misleading illustrated performance charts to sell PDX Policies, showing inflated profitability that caused policyowners to pay hidden costs. The settlement provides two types of relief depending on the status of your policy.
If your PDX Policy is still In-Force, you will receive an automatic credit to your policy’s Accumulated Value from a $33 million fund — no action required. If your PDX Policy has been terminated (surrendered or lapsed) and the insured is still alive, you can apply for free three-year term life insurance by April 10, 2026.
Pacific Life denies all allegations and claims it violated no law. The parties agreed to settle to avoid the risks and expenses of continued litigation.
Settlement Website
Who Qualifies for the Pacific Life PDX Settlement?
You qualify if you are a policyowner who purchased a Pacific Discovery Xelerator (PDX) indexed universal life insurance policy issued in California. The PDX Policy was offered for sale between 2017 and 2019, with a few policies issued with a policy date in late 2016.This settlement does not cover Pacific Discovery Xelerator IUL 2 (PDX 2) policies or any other policies issued by Pacific Life. PDX 2 is a substantially different product. The settlement also excludes policies where the insured has died, Pacific Life officers and employees, and persons with pending or resolved separate lawsuits against Pacific Life arising from PDX Policy claims.
What Benefits Will I Get from the Pacific Life Settlement?
The settlement provides two different types of relief depending on whether your PDX Policy is In-Force or has been terminated.In-Force Policy Relief (Automatic — No Action Required)
If your PDX Policy was In-Force as of October 31, 2025 and remains In-Force through the Distribution Date, you will receive an automatic credit to the Accumulated Value of your policy’s fixed account. Pacific Life has allocated $33,000,000 to a Gross Settlement Common Fund for this purpose. Your credit is calculated based on your total premiums paid divided by the total premiums paid by the entire class for all In-Force Policies, multiplied by the Net Settlement Common Fund.
Before credits are calculated, the following will be deducted from the $33 million fund: attorney fees (up to $10,890,000), litigation expenses (up to $1,200,000), amounts attributable to opt-outs, and a service award to the plaintiff (up to $25,000).
Term Insurance Relief (Application Required by April 10, 2026)
If your PDX Policy has been terminated (surrendered or lapsed) and the insured is still alive, you can apply for free three-year term life insurance coverage on the same insured person. Pacific Life has made up to $25,000,000 in aggregate face value available for this benefit. The face value of your term insurance equals your terminated policy’s face amount divided by the total face amount of all terminated policies, multiplied by $25 million. There is no cost to you. The coverage lasts three years and cannot be extended or converted.
Additional Non-Monetary Benefits (Automatic — Estimated Value $14,300,000)
Pacific Life has also agreed to manage PDX Policy Growth Caps consistent with similar products for three years (beginning November 1, 2025), maintain the current PDX product OBR used in the Performance Factor formula for three years, and separately pay all settlement administration costs.
What Are Misleading Life Insurance Illustrations?
Life insurance illustrations are performance projections that agents and companies use when selling policies. They show how a policy’s value might grow over time under certain assumptions. The lawsuit alleged that the PDX Policy illustrations showed inflated projections of policy growth that did not accurately reflect the actual costs and performance policyowners would experience. When illustrated performance does not match reality, policyowners may end up paying more in premiums than expected or seeing their policy values decline faster than projected.How to Apply for Term Insurance Relief (Terminated Policies Only)
If your PDX Policy was terminated on or before October 31, 2025, you must submit a Term Insurance Application by April 10, 2026. You can complete the application online at illustrationsettlement.com or request a paper application by calling the Settlement Administrator at 1-833-754-9443.If submitting online, the application must be received by 11:59 PM Pacific Time on April 10, 2026. If mailing a paper application, it must be postmarked by April 10, 2026. Mail to: Illustration Settlement, c/o Kroll Settlement Administration LLC, PO Box 225391, New York, NY 10150-5391.
If your PDX Policy is currently In-Force but terminates before relief is distributed, you may become eligible for Term Insurance Relief. The Settlement Administrator will send you a separate notice with instructions and a deadline.
What Was the Pacific Life PDX Lawsuit About?
The plaintiff, Abigail Mamboleo, alleged that Pacific Life marketed and sold PDX Policies by providing illustrated performance charts that showed inflated profitability. The complaint claimed these misleading illustrations caused policyowners to pay hidden costs that essentially eliminated the value in the PDX Policies.Pacific Life denies all allegations and all liability to the plaintiff and the settlement class. The company denies that it violated any law and has raised a number of defenses against the claims. There has been no trial and no court has found Pacific Life to have violated any law. The parties settled after extensive negotiations with the assistance of a neutral mediator.
Pacific Life PDX Settlement Deadlines
Term Insurance Application Deadline: April 10, 2026Opt-Out Deadline: April 10, 2026
Objection Deadline: April 10, 2026
Attorney Fee Motion Filed: April 15, 2026
Final Approval Hearing: May 7, 2026, at 2:00 PM
Settlement relief will be distributed after the court grants final approval and any appeals are resolved. In-Force Policy credits will be applied automatically. Term Insurance Policies will be issued after final approval.
Pacific Life PDX Settlement: Frequently Asked Questions
Do I need to do anything if my PDX Policy is still In-Force?
No. If your PDX Policy is In-Force, the credit to your policy’s Accumulated Value is automatic. You do not need to file a claim form or take any action. The credit will be applied after the court grants final approval and any appeals are resolved.My PDX Policy was surrendered or lapsed. What can I get?
You may be eligible for free three-year term life insurance coverage on the same insured person, as long as the insured is still alive. You must submit a Term Insurance Application by April 10, 2026 at illustrationsettlement.com or by mail.Does this settlement cover PDX 2 policies?
No. This settlement only covers original Pacific Discovery Xelerator (PDX) policies issued in California. PDX 2 is a substantially different product and is not included.How is my In-Force Policy credit calculated?
Your credit equals your total premiums paid for the PDX Policy, divided by the total premiums paid by the entire class for all In-Force Policies, multiplied by the Net Settlement Common Fund (the $33 million fund minus approved deductions for attorney fees, expenses, and the service award).How is the face value of my term insurance calculated?
The face value equals your terminated policy’s face amount, divided by the total face amount of all terminated policies as of October 31, 2025, multiplied by $25,000,000.Can I receive both the In-Force credit and the term insurance?
No. You cannot receive both In-Force Policy Relief and Term Insurance Relief for the same PDX Policy. If your policy receives the In-Force credit, it is not eligible for term insurance, and vice versa.Is there any cost for the term life insurance?
No. There is no cost to you for the term life insurance coverage. It lasts three years and cannot be extended or converted.Can I opt out of the Pacific Life settlement?
Yes. The deadline to opt out is April 10, 2026. Submit a Request for Exclusion form on the settlement website or mail a letter to Illustration Settlement, c/o Kroll Settlement Administration LLC, PO Box 225391, New York, NY 10150-5391. If you opt out, you will not receive any settlement relief but you keep your right to sue separately.What happens if I do nothing?
If your policy is In-Force, you will automatically receive the Accumulated Value credit. If your policy has been terminated and you do nothing, you will not receive the term life insurance benefit and you will give up your right to sue Pacific Life for the claims resolved by this settlement.Who are the lawyers in this case?
The court-appointed class counsel includes Andrew S. Friedman of Bonnett Fairbourn Friedman & Balint, PC, Steven G. Sklaver of Susman Godfrey L.L.P., and Howard Bushman of The Moskowitz Law Firm PLLC. They will request attorney fees of up to $10,890,000 from the $33 million fund plus an additional $4.5 million to be paid separately by Pacific Life. Litigation expenses are capped at $1.2 million. The class representative, Abigail Mamboleo, will seek up to $25,000 as a service award.Settlement Website
Settlement Notice
Sources
• illustrationsettlement.com (Official Settlement Website)Case Details
Case: Mamboleo v. Pacific Life Insurance Company, Case No. 30-2021-01208045-CU-BT-CXCCourt: Superior Court of California, County of Orange
Settlement Cash Fund: $33,000,000
Term Insurance Face Value: Up to $25,000,000
Additional Benefits Value: $14,300,000 (estimated)
Claims Administrator: Kroll Settlement Administration LLC, PO Box 225391, New York, NY 10150-5391
Official Website: illustrationsettlement.com
Phone: 1-833-754-9443
Class Action Settlement Information
This page is for informational purposes. OpenClassActions.com is not a law firm and is not a claims administrator. For legal advice speak with an attorney licensed in your state.How Do I Find Class Action Settlements?
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Submit Claim| Settlement Summary | |
| Status | Open — Pending Final Approval |
|---|---|
| Term Insurance Deadline | April 10, 2026 |
| Opt-Out / Objection Deadline | April 10, 2026 |
| Cash Settlement Fund | $33,000,000 |
| Term Insurance Value | Up to $25,000,000 face value |
| Additional Benefits | $14,300,000 (estimated) |
| In-Force Policy Action | None — automatic credit |
| Terminated Policy Action | Apply for term insurance by April 10, 2026 |
| Who Qualifies | California PDX policyowners (2016–2019). Not PDX 2. |
| Case | Mamboleo v. Pacific Life, No. 30-2021-01208045 |
| Court | Orange County Superior Court |
| Final Hearing | May 7, 2026, 2:00 PM |
| Settlement Website | Pacific Life Insurance Settlement |