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.
Gagarin's flight resonated around the world; it was a demonstration of the advanced Soviet space program and it opened an entirely new era in space exploration: human spaceflight. The U.S. first launched a person into space within a month of Vostok 1 with Alan Shepard's suborbital flight in Mercury-Redstone 3. Orbital flight was achieved by the United States when John Glenn's Mercury-Atlas 6 orbited Earth on 20 February 1962.