What is a Loyalty Rewards Program?
A program that was created to reimburse the full investment made by buyers of real estate, vacation ownership and timeshare. Once a membership at one of our affiliated resorts is purchased, that individual qualifies for a Trust Certificate making the member a Beneficiary of the Bloom Holdings Irrevocable Trust, registered in the Cook Islands.
What costs are involved?
Many participating vacation clubs include the Innovest Loyalty Rewards Program in the cost of the membership. Others invite the members to purchase independently. The percentage is linked to the term of the desired maturity value and increases as the term decreases. There are no annual fees, commissions or broker’s fees and the Trust is not subject to probate or taxes until paid out.
How am I guaranteed a return on investment?
Members who purchase real estate and/or vacation ownership programs become the Beneficiaries of an independent and registered international Trust. That means the Trustee, who manages the Bloom Holdings TrustTM, has been instructed to pay 100% of the purchase price under an agreement that adheres to the registered instructions. Failure to live up to the terms of the agreement may lead to legal ramifications under the law of equity.
What Vacation Clubs are affiliated?
Specifically resorts or developers that offer real estate, timeshare, vacation club, shared and fractional ownership and which meet industry standards for quality, service, and hospitality. Additionally, they must meet or exceed Innovest’s rigid acceptance standards.
What amount can be reimbursed?
The Beneficiary is entitled to a full 100% refund of all monies invested in the vacation program, plus any associated costs that are indicated to be included in the value of the Trust Certificate. Those associated costs include previous vacation club purchases, projected flight costs, all-inclusive fees and interest on financing.
How does the Trust work?
There are three components in the fiduciary relationship of a Trust. One party, known as the Settlor, gives another party, the Trustee, the right to hold title to property or assets for the benefit of a third party, the Beneficiary. Trusts are established to provide legal protection for the Beneficiaries’ assets to make sure they are distributed according to the instructions of the Irrevocable Trust.
How is my money protected?
A Trust is one of the most flexible and efficient legal mechanisms recognized by law and it provides the ultimate in asset protection. Vacation club members' payments are registered together in a collective fund. The Trust Instructions determine that the Settlor shall distribute according to each Trust Certificate and pay the Beneficiary on the registered maturity date. All distributions are overseen by the Trustee. An Irrevocable Trust cannot be amended, modified or revoked in any way.
What do I need to know to make a claim?
Members must remain in good standing with the club and meet all financial agreements. A Beneficiary can claim the reimbursement any time within 365 days of maturity by providing Innovest with a color copy of ID and the original Trust Certificate.
How do I submit a claim?
Send your claim to: 444 N. Michigan Ave. Ste. 1200, Chicago, Illinois 60611, U.S.A.
The monies are wire transferred or deposited into the Beneficiary’s account either onshore or offshore
within 60 days of receipt of claim.
How do I contact Innovest?
The head office of Innovest Corporation Group Inc.TM is located at: 444 N. Michigan Ave. Ste. 1200, Chicago, Illinois 60611, U.S.A.
Tel: +1 (773) 538-3387
US Toll free: (833) 466-8378
Email: info@innovestcorporation.com www.innovestcorporation.com
