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.
Tenn. Code Ann. § 56-7-203
Life insurance or annuity for or assigned to spouse or children or dependent relatives exempt from claims of creditors
Known as the Tennessee Insurance Law
The act spans §§ 56–56 (1,220 sections).
Applied in 7 court decisions — leading case In Re Clemmer (1995)
Most recently applied in 571 F. App'x 454 - James Neal v. First Alliance Bank (July 2014)
Acts 1925, ch. 113, § 1; Shan
How often courts cite this section
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.