Pacific Life PDX Policy Settlement – Act by April 10, 2026

What happened

Class period: PDX Policies issued in California, offered for sale between 2017 and 2019 (a small number of policies were issued with a policy date in late 2016)

• Pacific Life Insurance Company sold a product called the Pacific Discovery Xelerator (PDX) indexed universal life insurance policy in California between 2016 and 2019

• A class action lawsuit, Mamboleo v. Pacific Life Insurance Company, Case No. 30-2021-01208045-CU-BT-CXC, was filed in the Superior Court of California, Orange County

• Plaintiff Abigail Mamboleo alleges that the marketing materials and illustrated performance charts used to sell PDX Policies showed inflated profitability and concealed "hidden costs that essentially eliminate the value in the PDX Policies"

• Pacific Life denies all wrongdoing and denies that it harmed any policyowners in any way

• The parties agreed to settle to avoid the costs and uncertainty of continued litigation

• Note: This lawsuit does not involve the Pacific Discovery Xelerator IUL 2 (PDX 2), which is a substantially different product

What you can get

Key dates

Who may qualify

• Purchased a Pacific Discovery Xelerator (PDX) indexed universal life insurance policy issued in California
• Policy was issued between late 2016 and 2019
• Are not Pacific Life, its officers, directors, employees, or related entities
• The insured person under your policy is still living (required for Term Insurance Relief)
• Did not purchase a PDX 2 policy — that product is not covered by this settlement

How to file

1. If your PDX Policy is In-Force: You do not need to do anything — relief will be credited to your policy automatically after final approval
2. If your PDX Policy has been terminated: You must submit a Term Insurance Application at https://illustrationsettlement.com/ by April 10, 2026 at 11:59 p.m. Pacific Time, or mail a paper application postmarked by April 10, 2026
3. To request a paper Term Insurance Application, call 1-833-754-9443
4. Mail completed paper applications to the Settlement Administrator at the address below

Proof required

• No documentation is required. Eligibility is based on Pacific Life's policy records. Relief amounts for both In-Force and Terminated policies are calculated using formulas based on premiums paid and policy face values.

Payment timing

The Final Fairness Hearing is scheduled for May 7, 2026 at 2:00 p.m. PT. In-Force Policy credits will be applied and Term Insurance Policies issued after the Settlement receives final approval and any appeals are resolved. Check the settlement website for updates.

Important links

• Official website
• Claim form
• FAQs
• Documents

Contact

Extra details

• In-Force Policy Relief is completely automatic — if your PDX Policy was active as of October 31, 2025 and stays active through the Distribution Date, Pacific Life will credit your account with no paperwork required

• If your policy lapses or is surrendered between October 31, 2025 and the Distribution Date, you lose eligibility for In-Force Relief but may become eligible for Term Insurance Relief instead

• Term Insurance Relief lasts exactly three years and cannot be extended or converted to another policy type

• The settlement also includes non-monetary commitments from Pacific Life on policy cap management and performance factors, which the parties estimate provide approximately $14.3 million in additional value to the class

• Attorneys' fees paid by Pacific Life directly will not reduce the benefits available to class members

• The settlement website is available in English, Spanish, and Chinese

• Watch for scams: the only authorized settlement website is illustrationsettlement.com

FAQ