3.3 In what ways are insurance companies financial Intermediaries? What is the difference between a life insurance company and a property and casualty insurance company? Problems and Applications 3.4 Suppose that as an employee of a large firm, you are given the choice between a defined benefit pension plan and a defined contribution pension plan. From your point of view, what are the advantages and disadvantages of each type of plan? From your employer's point of view, what are the advantages and disadvantages