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"This included my life assurance and medical aid. All was gone in just a day. Dollarization wiped out everything I had saved."

Thomas H B Black, a life assurances company official, and his wife Emily then moved into the house with their three children.

"Employees are also offered comprehensive benefits that are worth thousands more, including private medical insurance, life assurance, subsidised meals and an employee discount."

It also said workers' benefits included private medical insurance, life assurance, income protection, subsidised meals and an employee discount and more, which it added was "worth thousands of pounds annually" combined.

Similar life assurance policies remain open in Wales and Scotland.