Kyle Busch’s $8M loss is a warning for those with life insurance. Could your ‘tax-free retirement plan’ be a scam?

James Gilbert/Getty Images Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. NASCAR star Kyle Busch and his wife, Samantha, recently said they lost more than $8 million after buying a life insurance policy that they claim was pitched as a “tax-free retirement plan.” “I never thought something like this could happen to us,” Busch said in a press release (1). "These policies were sold to us as part of a retirement plan — something safe and secure that would ...