In Tennessee, one department, Commerce & Insurance, oversees both life insurance and preneed funeral sales, through separate divisions. That gives you one agency to contact whichever product you are considering.
The Tennessee Department of Commerce & Insurance (TDCI) licenses life insurance agents and carriers and handles consumer complaints.
TDCI's consumer guidance gives buyers 10 days to review a new life insurance policy and return it for a refund. The exact period is printed on your policy.
Every Tennessee funeral home that sells prearranged (preneed) funeral plans must register with the Burial Services Section of TDCI, and each preneed sales agent must also register. A final expense policy is life insurance that pays cash to your beneficiary.
The Burial Services Section of the Tennessee Department of Commerce & Insurance. Funeral homes and individual preneed sales agents must both register.
10 days, according to the Department of Commerce & Insurance. Check the notice printed on your policy.