Then 1024 kilobytes make up one megabyte. 1024 megabytes make up one gigabyte, and 1024 gigabytes make up one terabyte. A JPG file used to store a photo would be a few megabytes. The capacity of a DVD is a couple of gigabytes and an HD video can have a file size of few gigabytes.
Yes, an irrevocable beneficiary of a life insurance policy has a vested interested in the proceeds payable by the policy. A vested interest provides an irrevocable beneficiary with immediate rights â that means the policy holder cannot take certain actions without the permission of the irrevocable beneficiary.For example, a policy holder cannot change beneficiaries without the irrevocable beneficiaryâs consent.ou do not need a revocable beneficiary's consent to make changes to your policy. Unfortunately, when your life insurance benefits are paid, you will not be around, so be sure to choose beneficiaries carefully in order to avoid issues or a misinterpretation of your wishes down the road.
Life Assurance is different. It is a hybrid mix of investment and insurance. A Life Assurance policy pays out a sum equal to the higher of either a guaranteed minimum underwritten by the policy's insurance provisions or its investment valuation.his is because with most insurance companies, an additional terminal bonus is awarded. There is a also a specialised form of life assurance called Whole of Life. These policies remain in force for as long as you live and as such, have no preset term. There is also a practical difference for the internet user.