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New insurance protects against pay cut

recession

A new insurance product allows you to insure against a pay cut.

 

Salary gap insurance from Salisbury Underwriting Service, covers people who are made redundant and then find a new job at a lower salary.

 

The policy is only activated when you have found a new job, and pays out the difference between your old wages and your new wages.

 

You are not required to look for work of a similar nature to your previous job, or even to take full-time employment.

   

Income protection insurance: News update: 19/08/2009

 

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