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).
They both have the same licensing requirements required by the State(s) in which they transact business, but the big difference is who they work for. An insurance agent is an insurance companyâs representative and the agentâs primary alliance is with the insurance carrier (company), not the insurance buyer.
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.