Amends TCA Title 56.

Tennessee SB1106 clarifies that the exemption from claims of creditors for the net amount payable under life insurance policies or annuity contracts, when made for the benefit of or assigned to a person's spouse, children, or dependent relatives, includes protections against execution, attachment, seizure, and garnishment. The bill also specifies that the use of exempt funds does not alter their classification from exempt to nonexempt. This legislation primarily affects policyholders and their beneficiaries by reinforcing the protections of life insurance and annuity funds from creditor claims.