Situational variables are characteristics of the environment in which the experiment is being conducted which may have an effect on the results. The nature of these variables is very much dependent on the nature of the experiment but temperature, time and humidity could all be situational variables.
hospital income insurance. Insurance that provides an income while the insured is in the hospital. This type of policy pays out on a weekly or monthly basis. The benefit paid out can be used to pay hospital expenses or for whatever purpose the insured chooses.
The taxation of life insurance proceeds or endowment policy proceeds payable during the insured`s lifetime is governed by Code 72, the same section that governs the taxation of the payments received under annuity contracts.here the proceeds of an endowment or surrendered policy are paid during life in a lump sum, any excess of such proceeds over the cost of the policy is taxable income [I.R.C. 72(e); Reg. 1.72-11(d)]. The gain is considered ordinary income and not capital gain.