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.
Colonel John Herschel Glenn Jr. (July 18, 1921 â December 8, 2016) was a United States Marine Corps aviator, engineer, astronaut, and United States Senator from Ohio. In 1962, he became the first American to orbit the Earth, circling it three times. Before joining NASA, Glenn was a distinguished fighter pilot in World War II, China and Korea. He shot down three MiG-15 aircraft, and was awarded six Distinguished Flying Crosses and eighteen Air Medals.