That portion of a policy's premium that applies to the expired portion of the policy. Although insurance premiums are often paid in advance, insurers typically earn the premium at an even rate throughout the policy term. More Risk Finance and Captives Information from IRMI.
Explorer 1 became the first successfully launched satellite by the United States when it was sent to space on January 31, 1958. A quick response to the Soviet Union's launch of Sputnik 1, Explorer 1's success marked the beginning of the U.S. Space Age.
Glenn was preceded in space by two Americans, Alan B. Shepard Jr. and Virgil I. âGusâ Grissom, and two Soviets, Yuri A. Gagarin and Gherman S. Titov. In April 1961, Gagarin was the first man in space, and his spacecraft Vostok 1 made a full orbit before returning to Earth. Less than one month later, Shepard was launched into space aboard Freedom 7 on a suborbital flight. In July, Grissom made another brief suborbital flight aboard Liberty Bell 7.