State RegulationsTN specificDifficulty 1/5
For how long after the date of issue may a Tennessee life insurance policy exclude payment of the death benefit when the insured dies by suicide?
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Answer & full 3-part explanation (select an option above, or peek)
Why B is correct
T.C.A. § 56-7-2308(5)(A)(i) limits the suicide exclusion to death by suicide, sane or insane, within 2 years from the date of issue. After that window the exclusion no longer applies, so the death benefit is payable even when death is by suicide. The Tennessee Department of Commerce & Insurance treats this 2-year cap as a prohibited-provision boundary that no Tennessee life policy may extend.
Why the other options are wrong
- A) 1 year understates the statutory window; the exclusion runs 2 years from issue under T.C.A. § 56-7-2308.
- C) 3 years is the life reinstatement window under T.C.A. § 56-7-2307(10), not the suicide-exclusion period.
- D) 5 years is the shortest legal-action limitation period Tennessee allows under the policy, not the suicide window.
Memory hook
Two years on suicide: before it, refund exposure; after it, it pays.