There is a newer version
of
this Section
2019 Tennessee Code
Title 56 - Insurance
Chapter 7 - Policies and Policyholders
Part 2 - General Provisions — Life Insurance
§ 56-7-203. Life insurance or annuity for or assigned to spouse or children or dependent relatives exempt from claims of creditors.
Universal Citation: TN Code § 56-7-203 (2019)
The net amount payable under any policy of life insurance or under any annuity contract upon the life of any person made for the benefit of, or assigned to, the spouse and/or children, or dependent relatives of the persons, shall be exempt from all claims of the creditors of the person arising out of or based upon any obligation created after January 1, 1932, whether or not the right to change the named beneficiary is reserved by or permitted to that person.
Disclaimer: These codes may not be the most recent version. Tennessee may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
