iNovaLife launched in 2014 and are based out of Québec in Canada.
Listed as Founder and Director of Finance on the iNovaLife website is Martin Giroux (below right).
As per Giroux’s iNovaLife corporate bio;
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.
According to an article in Le Journal De L’assurance, the current incarnation of iNovaLife came about after a bankruptcy filing in 2014.
Read on for a full review of the iNovaLife MLM opportunity.
The iNovaLife Product Line
iNovaLife has no retailable products or services.
The company instead provides access to a price-comparison platform for the car insurance, home insurance, renovation, mortgage, credit card, security and micro-loans industries.
Price-comparisons are done by third-party “partners”, with iNovaLife themselves appearing to only host the platform.
iNovalife is the only large-scale website to offer you extensive multiple car insurance quotes from the largest Canadian comparison sites.
Access to the platform is free, with free users able to earn single-level commissions.
The iNovaLife Compensation Plan
The iNovaLife compensation plan pays affiliates for generating leads though their price-comparison platform.
The company also pays affiliates to recruit new affiliates, on top of additional performance based bonuses on offer.
Commission Qualification
Each service purchased through iNovaLife’s price-comparison platform generates “Nova Points”:
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
To qualify for commissions an iNovaLife affiliate must generate 50 Nova Points a year.
iNovaLife Affiliate Ranks
There are eight ranks within the iNovaLife compensation plan.
Along with their respective qualification criteria, they are as follows:
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
🤖 Quick Answer
When was iNovaLife founded and where is it headquartered?iNovaLife was established in 2014 and operates from Quebec, Canada. The company operates within the network marketing sector and has focused on business development and expansion since its inception in North America.
Who is Martin Giroux and what is his role at iNovaLife?
Martin Giroux serves as Founder and Director of Finance at iNovaLife. According to corporate documentation, he entered the network marketing industry through iNovaLife and has been instrumental in developing the company to its current operational level and maturity.
What is the stated purpose of iNovaLife's business model?
According to company leadership, iNovaLife aims to assist Canadian families by reducing essential expenses through its program offerings. The organization positions itself as providing economic support and improvement opportunities for households requiring financial assistance and cost reduction solutions.
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