Differences and Similarities
An agent and a broker both act as intermediaries between the company and client. But there are technical differences between both of these which represents their roles. Let say a person needs insurance, he/she would require services of both agent and a broker. Agent would act as intermediary between the insurer (company) and insured (client) … Read more
Insurance and warranty are both a type of contacts between two parties. In insurance there is a direct contractual relationship between the insurer and insured while this is not in the case of warranty. Insurance Insurance is a contract between insurer and insured that is protects the insured from financial loss. It policy is the … Read more
When we talk about insurances, we often hear the terms insurance agent or broker. The insurance broker is a term used to talk about a person who represents an insurance buyer, while insurance agent is the one who represents one or more insurance companies. The role of both is same in insurance, the difference between … Read more
Medicare and Medicare Advantage plans are both regulated by the Federal Government and private insurance companies respectively, within the US. They both have almost similar advantages and perks for the citizens who are at or above 65 years of age or are suffering from some disability or diseases such as End Stage Renal Failure. But … Read more
Medicare and Pharmacare are both health insurance plans for senior citizens. Medicare is for US citizens while Pharmacare is for Canadian citizens. Both provide medications and health facilities to their subscribers. They have different plans depending upon different health issues and complexities in medical histories. Let us discuss about these differences. Medicare. Medicare is a … Read more