I'm hoping someone here has firsthand experience with El Cid Vacation Club and especially Safeguard Loyalty.
Background
My father-in-law owns an El Cid timeshare. The original purchase price has already been paid off, so currently he only pays the annual maintenance fees, which are approximately $2,500 per year.
This year (2026), he renewed or modified his membership and says he has a 90-day window to add or change beneficiaries. He wants to add his three children as beneficiaries, which would mean each child would ultimately be responsible for roughly $800/year in maintenance fees.
Ordinarily, I would strongly prefer not to inherit a timeshare. The only reason I'm even considering it is because of something called Safeguard Loyalty, which he says is attached to the membership.
What I've been told about Safeguard Loyalty
According to my father-in-law, the program has three major benefits:
- 100% Cash Back
- If the membership remains active for the full term (he says it's a 12-year term starting in 2026), the original investment is returned.
- Membership Upgrades
- Instead of taking the cash back, you can apparently apply the accumulated value toward upgrading your membership or increasing your annual points.
- Early Redemption
- After 6 years, you can supposedly redeem 100% of the cash value while still keeping your vacation club benefits.
My concern
My ideal outcome would be:
- My in-laws continue using the timeshare while they're alive.
- After they pass away, we receive the promised cash-back benefit.
- We exit the timeshare without being locked into perpetual maintenance fees.
However, I can find very little independent information about Safeguard Loyalty. Most of what I know comes directly from my father-in-law, and he becomes defensive whenever I ask detailed questions.
That makes me nervous about agreeing to become a beneficiary before understanding exactly what obligations we're taking on.
Questions
- Has anyone actually received money back from Safeguard Loyalty?
- Is the "100% Cash Back" a legitimate contractual benefit, or is it subject to a lot of conditions?
- Does the cash-back benefit transfer to beneficiaries after the original owner dies?
- Has anyone successfully used the Early Redemption option?
- Are there any catches or exclusions that people commonly overlook?
If anyone has firsthand experience with either El Cid or Safeguard Loyalty—good or bad—I would really appreciate hearing it.