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.
Key Difference: Insurance is a term that means guaranteeing safeguarding of an object, person or anything that is stated. The terms insurance and assurance are often heard when referring to financial product sold by a company.o, should anything happen to that said thing, person, etc., the loss would be incurred by the company, either fully or partially. Now, life insurance is a contract between the company and the insured that the company will provide the insuredâs family an amount of sum at the death of the insured.