WHAT IS THE RETIREMENT SAVINGS PROTECTION PLAN?

  • The Retirement Savings Protection Plan (“RSPP”) is a financial product which provides you with a Vacation Loan Principal Repayment in twenty years’ time. Provided that all required interest payments are made on your Vacation Loan, SeaPort will pay you an amount equal to the principal outstanding on your Vacation Loan. This allows full repayment of your Vacation Loan while preserving your retirement funds.

WHAT ARE THE MAIN ADVANTAGES OF THE RETIREMENT SAVINGS PROTECTION PLAN?

• Peace of mind that your Vacation Loan will be fully repaid
• Cash in your RRSP when the SeaPort Trust Units are redeemed at full value.
• The cash in your RRSP will provide funds for a worry free retirement.
• In the event of your death or disability, the benefit of Vacation Loan Principal Repayment passes to your beneficiaries

IS IT MANDATORY TO PURCHASE THE RETIREMENT SAVINGS PROTECTION PLAN WHEN I PURCHASE MY VACATION MEMBERSHIP AT THE RESORT?

  • We strongly recommend that all Members purchase the RSPP while at their Resort. If you do not purchase the RSPP, then you will be required to make monthly payments of both principal and interest on your Vacation Loan, based upon a 20 year amortization.

WHAT HAPPENS AFTER I PURCHASE MY RETIREMENT SAVINGS PROTECTION PLAN?

  • When you complete the purchase of your Vacation Membership at your Resort, you will be sent a package confirming the amount of your Loan Principal Repayment. You will receive a signed certificate which should be kept in a safe place for the duration of your Vacation Loan.

WHY SHOULD I PURCHASE A RETIREMENT SAVINGS PROTECTION PLAN?

  • When you purchase a RSPP, you defer making monthly payments of principal on your Vacation Loan. All of your principal payments are deferred to a time when they can be fully repaid by the Vacation Loan Principal Repayment.

HOW IS THE RSPP LINKED TO MY VACATION MEMBERSHIP

  • Your RSPP must remain in good standing for the full term of your Vacation Membership. This ensures that your and your family will continue to enjoy vacation benefits for the full duration of your Vacation Loan and will allow the Vacation Interest Repayment to be made.

WHO IS ELIGIBLE TO PURCHASE A RETIREMENT SAVINGS PROTECTION PLAN?

  • The RSPP is available to all Canadians who purchase a Vacation Membership from one of our partner Vacation Clubs in Mexico or the Caribbean.

IS THERE ANY MAXIMUM AMOUNT COVERED BY THE RETIREMENT SAVINGS PURCHASE PLAN?

No. The RSPP can be the same size as your Vacation Loan used to purchase your Vacation Membership and to pay all associated SeaPort fees.
  • chichen itza seaport credit alt 1
  •  cenotes riviera maya seaport credit alt 2
  •  mexican caribbean family seaport credit alt 3
  •  family diving caribbean mexican seaport credit alt 4
  •  fun caribbean mexican seaport credit alt 5
  •  mayan riviera pleasure seaport credit alt 6
  •  relaxation riviera maya seaport credit alt 7
  •  freshness in the mayan riviera seaport credit alt 8
  •  wonders riviera maya seaport credit alt 9
  •  future together mexican paradise seaport credit alt 10
  •  save while enjoying seaport credit alt 11
  •  very close to the sea seaport credit alt 12

Contact Us

We at Seaport Credit are concerned with client satisfaction.

We invite you to contact us about any questions and suggestions about our services.

Call: Toll Free 1 (844) 777-7828

Or (289) 633-2630 for Direct calls

(Toronto & GTA)

Email: info@seaportcredit.com

Send

 

Find Us Easily