iNovaLife Review – Legit Business Opportunity or Big Scam?

Welcome to my iNovaLife Review!

There has been some buzz about this company lately so I decided to investigate what it was all about…

Chances are you were approached by someone in on social media or in person and now you want to make sure it’s legit right?

The good news is your are actually doing your research and not jumping blindly…

In this blog post, I am going to walk you through the company, products and compensation plan so you can make the right decision!

Let’s dig in shall we?

iNovaLife Review

iNovaLife Review – The Company

iNovaLife is a Canadian company that launched in 2014.

The man behind the company is Founder and Director of Finance Martin Giroux.

This is what I found on the website:

iNovaLife is my first exposure to the amazing world of Network Marketing. I decided I could never abandon this course.

Instead of giving up what has been a remarkable opportunity to grow as a person, and as a businessman, I brought my company to a phenomenal level of maturity.

The reason I have stayed the course is because I have the conviction that iNovaLife is going to occupy such an important role in improving the lives of so many Canadian families.

There is no doubt in my mind, that this program will allow many families who need help to significantly reduce essential expenses while helping them to dramatically improve their quality of life.

Now you know about the company, let’s take a look at the products next…

iNovaLife Reviews – The Products

iNovaLife gives you access to a price-comparison platform for car insurance, home insurance, renovation, mortgage, credit card, security and micro-loans industries.

This price-comparision is done through 3rd party partners but hosted on iNovaLife.

The access to this platform is free and free members can earn single level commissions.

Let take a look at the compensation plan next…

iNovaLife Compensation Plan

In the iNovaLife compensation plan pays affiliates to generate leads through their price-comparison platform.

On top of that, the company also pays affiliates to sponsor new affiliates with performance based bonuses on top…

Commission Qualifications

Every time you purchase a service through the iNovaLife price-comparison platform, it generates something called “Nova Points”.

Check out the breakdown below:

  • Insurance = 5 Nova Points
  • Bundle =  10 Nova Points
  • Commercial = 5 Nova Points
  • Renovation = 25 Nova Points
  • Mortgage = 5 Nova Points
  • Credit card = 10 Nova Points
  • Security = 15 Nova Points
  • Micro-loans = 15 Nova Points

Now if you want to be qualified commissions, you must generate at least 50 Nova Points per year…

iNovaLife Ranks

Overall, there are eight ranks you can qualify for in the iNovaLife Compensation plan.

Check out the breakdown including what you must do to qualify:

  • Affiliate – Pay $649 and maintain commission qualified status
  • Bronze – Recruit and maintain three affiliates who are each commission qualified
  • Silver – Recruit and maintain three Bronze ranked affiliates
  • Royal – Recruit and maintain three Silver ranked affiliates
  • Gold – Maintain three Silver ranked affiliates and recruit at least one Royal ranked affiliate
  • Platinum – Recruit and maintain three Royal affiliates and at least one Gold ranked affiliate
  • Ruby – Recruit and maintain three Gold affiliates and at least one Platinum ranked affiliate
  • Diamond – Recruit and maintain three Platinum affiliates and at least one Ruby ranked affiliate

Lead Generation Commission Payout

This one is interesting, when iNovaLife affiliates or any user that applies for a quote through their price-comparison platform, a commission is generated.

This is paid out through their unilevel compensation plan structure.

If you don’t know what that looks like, check this out:

  • You
  • Level 1:  Personally enrolled members
  • Level 2:  Level 1’s personally enrolled members
  • Level 3:  Level 2’s personally enrolled members

Now in the iNovaLife compensation plan, you get paid through five levels:

  • Insurance quote – $3.75 on level 1, $3.50 on level 2 and 75 cents on levels 3 to 5
  • Bundle (no explanation provided) – $7.50 on level 1, $3 on level 2 and $1.50 on levels 3 to 5
  • Commercial – $7.50 on level 1, $3 on level 2 and $1.50 on levels 3 to 5
  • Renovation – $20 on level 1, $8 on level 2 and $4 on levels 3 to 5
  • Mortgage – $6.25 on level 1, $2.50 on level 2 and $1.25 on levels 3 to 5
  • Credit cards – $5 on level 1, $2 on level 2 and $1 on levels 3 to 5
  • Security – $12.50 on level 1, $5 on level 2 and $2.50 on levels 3 to 5
  • Micro-loans – $25 on level 1, $10 on levels 2 and $5 on levels 3 to 5

Recruitment Commission Payout

When you sponsor a new member into the company, you will get paid commissions on that.  The monthly commission payout will depend on how many people you have that is qualified for commission payouts…

Bronze ranked iNovaLife affiliates earn:

  • $300 a month for two recruited affiliates
  • $600 a month for four recruited affiliates
  • $900 a month for six recruited affiliates
  • $1500 a month for nine recruited affiliates
  • $2000 a month for twelve recruited affiliates
  • $2500 a month for fifteen recruited affiliates

Silver ranked iNovaLife affiliates earn:

  • $400 for three recruited affiliates
  • $700 for five recruited affiliates
  • $1400 for ten recruited affiliates
  • $2000 for fifteen recruited affiliates
  • $3000 for twenty recruited affiliates
  • $4000 for twenty-five recruited affiliates
  • $5000 for thirty recruited affiliates

Royal ranked iNovaLife affiliates earn:

  • $700 for five recruited affiliates
  • $1500 for ten recruited affiliates
  • $2500 for fifteen recruited affiliates
  • $3500 for twenty recruited affiliates
  • $4500 for twenty-five recruited affiliates
  • $5500 for thirty recruited affiliates
  • $8000 for forty recruited affiliates
  • $10,000 for fifty recruited affiliates

Gold ranked iNovaLife affiliates earn:

  • $2000 for ten recruited affiliates
  • $3000 for fifteen recruited affiliates
  • $4000 for twenty recruited affiliates
  • $5000 for twenty-five recruited affiliates
  • $6000 for thirty recruited affiliates
  • $9000 for forty recruited affiliates
  • $12,000 for fifty recruited affiliates
  • $16,000 for one hundred recruited affiliates
  • $20,000 for one hundred and fifty recruited affiliates

Platinum ranked iNovaLife affiliates earn:

  • $5000 for twenty recruited affiliates
  • $6000 for twenty-five recruited affiliates
  • $7000 for thirty recruited affiliates
  • $10,000 for forty recruited affiliates
  • $13,000 for fifty recruited affiliates
  • $17,000 for one hundred recruited affiliates
  • $22,000 for one hundred and fifty recruited affiliates
  • $25,000 for two hundred recruited affiliates
  • $30,000 for three hundred recruited affiliates

Ruby ranked iNovaLife affiliates earn:

  • $10,000 for thirty recruited affiliates
  • $11,000 for forty recruited affiliates
  • $12,000 for fifty recruited affiliates
  • $18,000 for one hundred recruited affiliates
  • $25,000 for one hundred and fifty recruited affiliates
  • $35,000 for two hundred recruited affiliates
  • $40,000 for three hundred recruited affiliates
  • $50,000 for four hundred recruited affiliates
  • $60,000 for five hundred recruited affiliates

Diamond ranked iNovaLife affiliates earn:

  • $12,000 for forty recruited affiliates
  • $15,000 for fifty recruited affiliates
  • $20,000 for one hundred recruited affiliates
  • $30,000 for one hundred and fifty recruited affiliates
  • $40,000 for two hundred recruited affiliates
  • $50,000 for three hundred recruited affiliates
  • $60,000 for four hundred recruited affiliates
  • $75,000 for five hundred recruited affiliates
  • $150,000 for a thousand recruited affiliates

Leadership Bonus Payout

This leadership bonus is a matching bonus paid on equally ranked members in your downline.

Overall, the leadership pays a match on up to four generations of sponsored members:

  • Gold (match paid on Gold ranked affiliates) – 20% on level (personally recruited affiliates)
  • Platinum (match paid on Platinum ranked affiliates) – 15% on level 1 and 5% on level 2
  • Ruby (match paid on Ruby ranked affiliates) – 15% on level 1 and 5% on levels 2 and 3
  • Diamond (match paid on Diamond ranked affiliates) – 15% on level 1 and 5% on levels 2 to 4

Rank Advancement Bonus Payout

When an iNovaLife member hits a rank, they get a one time rank advancement bonus for Silver or higher:

  • Qualify as a Silver affiliate = $1000
  • Qualify as a Royal affiliate = $1500
  • Qualify as a Gold affiliate = $3000
  • Qualify as a Platinum affiliate = $10,000
  • Qualify as a Ruby affiliate = $15,000
  • Qualify as a Diamond affiliate = $30,000

Car Bonus

When you are a Gold or higher ranked iNovalife member, you can qualify for their car bonus:

  • Gold ranked affiliates receive $500
  • Platinum ranked affiliates receive $1000
  • Ruby ranked affiliates receive $1500
  • Diamond ranked affiliates receive $3000

Cost To Join iNovaLife

The cost to join iNovalife is $649.

iNovaLife Review – The Verdict

Overall, iNovaLife is pretty legit…

It had products and services it offers to the marketplace and they are all heavily in demand.

They just need to be careful on their wording in their marketing material.

One thing I found was they are promoting that you should “get qualified right away”.

This is suggesting affiliates to buy the membership just so they can be part of the MLM business opportunity.

The regulators don’t really like that kind of terminology because if every affiliate did that and there is no retail sales, it just becomes a pyramid scheme.

Another issue is that either your a free member or you have to pay $649.

Having a $649 front end is pretty high and should focus on something less expensive to get in…

They could then have other products to products after.

Anyway, I hope you enjoyed my iNovaLife review and if you have any questions, leave them in the comments below…

#1 Recommended Business Opportunity

I always give everyone the chance to see what I am personally doing because I do actually care about people’s success and I only partner with companies that have a great track record and they can be done by newbies…

After researching hundreds of companies…

Click Here For My #1 Recommendation

It’s the only business I know where a complete newbie can get started, watch the step by step training and take action for real results…

The best part is you get a one on one business coach in the system to help you every step of the way.

Take a look at my 9 week results:

DA August 12

That’s not even the best part…

The best part is my team members are winning:

DA Test 1

DA Test 2

DA Test 3

Click Here and See What I Mean

You will thank me later 🙂

Also,

Follow me on Social media below:

Follow Me On Facebook Here.

Subscribe To My YouTube Channel Here.

Follow Me On Twitter Here.

Follow Me On Instagram Here.

See you at the top,

iNovaLife

-Jesse Singh

P.S. Sign up for my news letter below 🙂

Click Here to Leave a Comment Below 0 comments