First, I would recommend to mattcng to take some time to gain a fuller understanding of Marriott Vacation Club, the upfront cost, the substantial maintenance fee each year (which increases each year), and what you get for that money.
With Marriott Vacation Club (MVC), you're not buying Marriott Rewards (or Marriott Bonvoy) points. You're buying MVC Destination Club points, which are deposited into your MVC account annually. You spend those points on a portfolio of MVC properties. The properties are well-located, well-maintained, and can provide wonderful vacations — but the locations are limited. You can also convert those points for other options, including tours, cruises, and even Marriott Bonvoy points, but the value proposition is typically much worse than for MVC properties.
MVC membership does not provide lifetime Marriott Bonvoy elite status. At high ownership levels, it provides status, but only as long as the MVC member remains in the program. When an MVC member sells and exits from the program, there is no lifetime status.
I don't understand the reference to "37 years" in the post from mattcng. There is nothing magic about 37 years in the MVC program.