Published
February 25, 2026
Updated
July 30, 2026
The Pacific Life settlement provides automatic policy-value credits or application-based term-insurance relief for covered California PDX policyowners.
Current Status
The court approved the settlement after the May 7, 2026 final hearing. The official site says the Distribution Date will be on or before September 11, 2026. The application period for policies terminated before the distribution date has closed, while eligible in-force policy credits are automatic.StatusFinal approval; distribution pending
Distribution DateOn or before September 11, 2026
Cash Fund$33 million
Term Insurance ReliefUp to $25 million face value
What Was This Case About?
The lawsuit alleged that illustrations used to market Pacific Discovery Xelerator indexed universal life policies were misleading and caused policyowners to incur unexpected costs. Pacific Life denied violating the law or harming policyowners.Who Is Covered?
The class generally includes owners of original Pacific Discovery Xelerator policies issued in California, including policies sold from 2017 through 2019 and certain policies dated in late 2016. PDX 2 policies are not included.What Relief Is Provided?
Eligible in-force policies receive an automatic credit to accumulated value from the net cash fund. Eligible terminated policies could receive three years of term insurance after a timely application. The agreement also provides specified policy-management commitments.Official Information
Review the latest information on the Pacific Life Illustration Settlement website.
Cash Fund
$33 million
Case Title
Mamboleo v. Pacific Life Insurance Company
Case Number
30-2021-01208045-CU-BT-CXC
Court
Superior Court of California, County of Orange
Current Milestone
Distribution scheduled by September 11, 2026
Official Website
Pacific Life Illustration Settlement
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