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WELLife is a closed membership club owned by WELLife that offers the members to develop their own financial skills, through various educations, that can help the members to better understand and use the skills to earn more money in the future. It is free to become a member but the Education Packages costs money. There are five different Education Packages that you as a Member can chose to purchase.
By accepting these terms and conditions, you agree to comply with the terms and conditions below under "Other terms and conditions applicable for you as a Member" and you are aware of and agree that WELLife can change or modify the terms and conditions as well as the compensation plan upon their sole decision. Your continuously log-in at your secured back-office, referring Members and receiving bonuses is a consent from you that you accept the modified or changed terms and conditions and compensation plan. You can at any time chose to not continue to be a Member and you are aware that no refund will be given when the cooling off period is finished or terminated due to the terms below.
When you purchase your Education Package from WELLife you have a 14 days cooling off period, which means that you can regret your purchase of the Education Package and get a refund as long as you haven´t used the product you have purchased. YOU ARE AWARE AND ACKNOWLEDGE THAT YOU HAVE TERMINATED THE COOLING OFF PERIOD WHEN YOU HAVE LOGGED IN AT YOUR BACK-OFFICE WHERE YOU GET ACCESS TO YOUR EDUCATION AND CLICKED AT THE PAGE THAT APPEARS WHEN YOU ACCESS YOUR BACK-OFFICE FOR THE FIRST TIME, AS IT WILL BE CONSIDERED AS YOU HAVE USED THE PRODUCT IN FULL AND YOU WILL NOT BE ABLE TO GET A REFUND FROM WELLife, NOR WILL WE ACCEPT ANY CHARGEBACK AFTER THAT POINT.
When becoming a Member you have the chance to refer new Members to WELLife. You will not be rewarded with any compensation for only referring a Member. You will however be rewarded when a Members in your teams chose to purchase any of the Education Packages. In such case you will have the right to take part and to be rewarded with bonuses due to the compensation plan, "Compensation Plan" below.
Below you are referred to as either "you" or "Member".
When you purchase your Education Package through WELLife you also accept to open an e-wallet account (“E-wallet”) with BITCOIN. Bitcoin wallet can be opened in several providers. You are subsequently also aware of and agree to that the purchase made for an education package is therefore made from your newly opened E-wallet account and that payments by card or by wire has the purpose to fund the E-wallet. No purchases by card or wire is therefore made directly to acquire an education package in WELLife.
When new Members join WELLife with you as a sponsor they are placed into two teams, Right and Left. When referring new Members to WELLife you decide a preferred or random placement in your settings.
To activate the Binary Bonus you need to refer at least one Member in each of your two teams.
When any Member in your sales team refer new Members, ("Downline Referring Member") they will also be placed in your Right or left team. Which team depends on which team the Referring Member is placed in e.g. if the Referring Member is placed in your Right team, the new referred Member will be placed in your Right Team.
There are also possibilities that Members that are in a direct line from you up to the company refer new Members "Upline Referring Members" that are placed in any of your two teams. This is called "Spillover".
You can be rewarded with Binary Points from both own referred Members, Upline Referring Members due to spill-over and Downline Referring Members.
As soon as you balance the team, you get paid a bonus due to the Binary Bonus plan. This means that the balance shall be 50/50. E.g. if you have 600 Binary Points in one team and get 600 Binary Points in the other team, you get paid for the total 1200 Binary Points. As 40 Points = EUR1, these 1200 Binary Points will be worth EUR30 from start but the value of the Binary Points can be changed at the sole decision of WELLife..
25% of all Binary Bonus will be credited to your CLUB Contribution Account. Once each month this amount will be contributed in your portfolio.
The number of Binary Points you are rewarded with is based on what type of Membership you refer, the Downline Referring Members refer or Upline Referring Members refer. There are 5 different types of Membership. Every Membership contains an Education Package. When you are a Member, you can chose one of several Education Programs. So It is not for referring a Member, you are rewarded with Binary Points, but from the sale of one of the Education Packages that is accessed by (being) a Member.
The amount of Binary Points you are rewarded with, depends on what Education Package that a Member buys. There are five different Education Packages. The larger Education Packages that is bought, the more Binary Point you will receive.
The maximum Binary Points you can balance per week is
This maximum limit of Binary Points will increase to 2,200,000 Binary Points if you’re directly or indirectly and personally referred Members, generate at least 10% of the number of Binary Points you balance in one week from the team that has the lowest number of accumulated Binary Points.
As a Member you can also get a matching bonus "Matching Bonus" that gives the motivation to help your personally referred Members in the teams to success.
*All sponsored Members must have bought any of the Education Packages since you do not get bonus for sponsoring Members.
Extra Educational Bonus
If any of your direct referred Members chose to do an CLUB Contribution in ePool through WELLife, it is most likely because the Member has increased his/her skills to understand the possibility of how to maximize the potential earnings and because of this educational improvement, you will be rewarded with an Extra Educational Bonus from WELLife that is a per-cent of any profit that your direct referred Members makes from their ePool CLUB Contributions.
The per-cent you will get in Extra Educational Bonus is subject to the size of Education Package you have yourself.
The calculation will be made once a month and will be credited to your personal Account. A deduction of 15% will be made according to the normal withdrawal fees on ePool CLUB Contributions.
If you have Education Package 1
2% on direct referred
1% on direct referred members’, directly referred members’ CLUB Contributions.
If you have Education Package 2
3% on direct referred
2% on direct referred members’, directly referred members’ CLUB Contributions.
If you have Education Package 3
6% on direct referred
4% on direct referred members’, directly referred members’ CLUB Contributions.
If you have Education Package 4
9% on direct referred
6% on direct referred members’, directly referred members’ CLUB Contributions.
If you have Education Package 5
12% on direct referred
9% on direct referred members’, directly referred members’ CLUB Contributions.
To become a Member you need to have the eligible age in the country where you are resident for this type of Membership. However minimum age is 18 years to become a Member.
As a Member, You are solely responsible to pay any tax that arises out of the bonuses paid to you based on the compensation plan.
As a Member, You are not an employee, nor an agent of WELLife.
WELLife prohibits the marketing practice commonly referred to as ""Spam"". All messages that originate from you as a Member must comply with all applicable laws in your jurisdiction as well as with general spam regulations.
If you as a Member breach against these terms and conditions or if WELLife can suspect that you breach against these terms and conditions, WELLife can either suspend or terminate your status as a Member. A suspension will temporarily disable your access to your back-office and your chance to utilize any of the benefits that a Member in WELLife has. If the final decision is to restore your status as a Member you will be able to access your back-office again. If the final decision is to terminate you as a Member you cannot claim any part of your paid education. Any unpaid bonuses will also be forfeited and WELLife may also take other legal actions against you.
The Membership is personal and you may not assign or sub-assign your Membership without prior written consent by WELLife. This includes but is not limited to, sale, transfer, pledge or give power of attorney to any rights or obligations according to these terms and conditions or compensation plan.
Nothing in these terms and conditions provides the Member with the right, license, authorization or approval to make binding agreements with any person or entity on behalf of WELLife. Furthermore you are NOT authorized to receive or collect funds on behalf of WELLife, from any person that signs up as a Member and pay for neither any Education Package, nor for any other products or services that WELLife from time to time offer the Members. All payments must be made directly to WELLife or authorized party that acts on behalf of WELLife.
In the event that any provision of these terms and conditions or compensation plan shall be invalid, illegal or otherwise unenforceable, the validity, legality and enforceability of the remaining provisions shall in no way be affected or impaired thereby.