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.
An endowment policy is a life insurance contract designed to pay a lump sum after a specific term (on its 'maturity') or on death. Typical maturities are ten, fifteen or twenty years up to a certain age limit.Some policies also pay out in the case of critical illness.December 2012). An endowment policy is a life insurance contract designed to pay a lump sum after a specific term (on its 'maturity') or on death. Typical maturities are ten, fifteen or twenty years up to a certain age limit. Some policies also pay out in the case of critical illness.