NASCAR Cup Series champion Kyle Busch and his wife Samantha said Tuesday that they had lost over $8 million in a life insurance scheme.
The Busches released a video to social media saying they wanted others to avoid making the same mistake they did. RP Legal, the firm representing the Busches, said in a statement that the Busches’ legal complaint “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.”
The Busches allegedly paid more than $10.4 million in insurance premiums and lost over $8.58 million.
“I never thought something like this could happen to us,” Kyle Busch said in a statement.…
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Source sports.yahoo.com
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