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.
Insurance agents, depending on which company they work for, will get income from several ways. 1. Base salary (applies to some companies) 2. Commissions (applies to most companies) - this is income from the sale of insurance plans. The more you sell, the more you get paid. Commissions are a percentage of the premium that the client pays for their insurance plans. The percentage you get will vary from one company to another, and will vary from one level to another (i.e., the higher up you go, the more percentage you get).