A light-second is the distance light travels in one second, or 7.5 times the distance around Earthâs equator. A light-year is the distance light travels in one year. How far is that? Multiply the number of seconds in one year by the number of miles or kilometers that light travels in one second, and there you have it: one light-year. Itâs about 5.88 trillion miles (9.5 trillion km).
An insurance carrier such as; Travelers, Metlife, State Farm, Safeco, are where the company actual creates and manages the insurance products that they would like to sell. They control the underwriting, claims, pricing, and the overall guidance of the company. Letâs look at an example for each of these. If you were to buy an Ipad from Wal-Mart, then Wal-Mart would be the insurance agency and Apple would be the insurance carrier. Thus, Apple manufactures and creates the Ipad and Wal-Mart is where you buy them from but they also offer many other similar products to the Ipad.
There are two types of people that can sell you insurance: agents and brokers. Oftentimes, the two terms are used interchangeably, leading to confusion about what the differences between the two are. To make it even more confusing, the answer is, well â not much. The real difference is whether or not someone works for a specific company or is independent. Agents that work for one company are often called âcaptiveâ or âcareerâ agents. They will only sell insurance policies from one insurance company.