How does Sola's premium structure differ from traditional Buy Backs?

The premium structure of Sola is characterized by its fairness and stability, particularly in how it responds to claims. Unlike traditional Buy Backs, where premiums often increase after a claim is made, Sola maintains consistent premiums that do not rise following a claim. This approach offers policyholders the peace of mind that their financial commitment will remain stable, promoting long-term relationships and trust between Sola and its clients. The concept emphasizes fairness in the insurance model, focusing on providing competitive and accessible coverage without penalizing individuals for events beyond their control.

While higher premiums after a claim, premiums based on personal details, and policies requiring upfront larger payments may be features seen in some traditional insurance plans, they do not reflect Sola's commitment to providing a fair and predictable premium structure, which can be a significant advantage for policyholders looking for stability in their insurance expenses.