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Dominion Resources Inc. is offering buyouts to 4800 eligible workers and expects about 1000 to accept the voluntary severance package. Best way to save money : As MarketPlace noted, the banks love selling these “insurance” packages, because there is very little chance that they will ever pay out, and even if something bad happens, there’s a good chance that they won’t pay out then either. Save your money, get a good standard term life insurance policy, and avoid padding the bank’s profits. “Banks make money primarily by borrowing money from people and lending it out to other people. They pay lower rates of interest on the money borrowed, and charge higher rates of interest on the money lent out. The difference in the interest rates provides the bank with quite a bit of revenue.Money borrowed by banks = chequing and savings accounts. Money lent by banks = loans, mortgages, lines of credit. The money banks earn from service charges and fees are just gravy for the banks, and some banks have figured out how to cut their costs and charge no fees. A couple of examples are ING and PC Financial, but there are others.There are some drawbacks to these accounts (they may have fewer features, or have fewer ATM machines in their networks), but the main advantage is that they don’t charge monthly fees. They also tend to pay more interest than the “big bank” accounts.” Dominion offers buyouts to save money | Washington Examiner

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Dominion offers buyouts to save money | Washington Examiner