I don't plan on telling my family members but I'd like to be covered incase my time is up. I need help deciding which life insurance plan to purchase.
First, if you buy life insurance make sure you advise your primary beneficiary that you have life insurance and where the life insurance policy is located so they can make a claim if you die. Otherwise, the life insurance death benefit will not be paid out and you will have paid those premiums for nothing.
You may want to get a job with guaranteed issue group life insurance coverage. That way, you have life insurance through your employer.
Otherwise, you won't be able to get very much life insurance coverage due to your health, and recent heart problem.
If you are able to get approved for your own life insurance policy it will likely be a graded benefit guaranteed issue life insurance plan. This means you won;t have full life insurance coverage until you have been insured by the policy for at least 2 years.
And, the amount of life insurance available through guaranteed issue life insurance is usually limited to around $30,000 or less. But, there aren;t any health exams and you can apply online for your life insurance policy.