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.
John H. Glenn Jr., a decorated combat veteran and test pilot who gained worldwide fame as the first American to orbit the Earth, went on to become a U.S. senator and, in the autumn of his life, returned to space aboard the shuttle Discovery, has died. He was 95 years old.