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Areivim USA is a dignified way to give צדקה. It is not Life Insurance and doesn't guarantee any sort of financial protection to its members. it is registered as a religious organization and as such isn't required to incur the additional cost of preparing and filing form 990 with the IRS.

http://www.areivim.info/rform.php

Eb228
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I spoke to Areivim at length as I sell life insurance and wanted to best advise ppl that had Areivim already and wanted to supplement it with LI.
I was told that it has never happened that Areivim declined to pay out based on someones assets or LI. It has happened that the family told them they don't need the money, but they never told the family no.
Simple reasoning is, they also think that 100K per yasom doesn't really cover it, the program just won't allow for a higher payout at $28/ monthly. So they encourage everyone to have LI as well to make sure kids are adequetly covered, and owning LI does not disqualify a payout [unless each kid will receive over a million dollars etc].



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They are tax exempt. Click on the below IRS link and then download the first attachment. Then search "Areivim USA"

https://www.irs.gov/charities-non-profits/tax-exempt-organization-search-bulk-data-downloads


This (I have been to a few Areivim meeting with these Rabbonim)

Harav Elya Brudny, Rosh Yeshivas Mir Flatbush;
Harav Yitzchok Isaac Eichenstein, Galanter Rav;
Harav Doniel Geldzahler, Rosh Yeshivas Ohr Yisrael;
Harav Binyomin Zev Landau, Tosher Dayan of Boro Park;
Harav Henoch Shachar, Rav of Klal Ohr Tuvia in Lakewood

Areivim Terms and Conditions (emphasis added):
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4) Areivim USA is not life insurance. Areivim USA has been established primarily as a charitable endeavor and its halachic status is like that of all tzedakah money collected from the public. In the event of a the passing of a member rl, all contributions can be made with maaser money.

5) In the event of (G-d forbid) a large number of deaths among members (as a result of a war, an earthquake, etc.), Areivim USA reserves the right to consult with its Rabbinical Board on proper procedures.

6) Members have no rights to sue or submit legal claims against the decisions of Areivim USA or its Rabbinical Board, including for failure to initiate a collection. There are no oral agreements or other commitments between Areivim USA and its members, and no such oral agreements or commitments shall be given any legal effect.

« Last edited by ExGingi on May 30, 2021, 11:11:03 AM »

Poll

Do you have Areivim & Life Insurance? (NOTE: Areivim is not life insurance)

Yes
33 (70.2%)
Only Areivim
14 (29.8%)

Total Members Voted: 47

Author Topic: Areivim USA - Coronavirus  (Read 37109 times)

Offline yuneeq

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Re: Areivim USA - Coronavirus
« Reply #800 on: June 03, 2021, 06:02:44 PM »
just came back here to check if anyone changed their mind yet. anyone? ;)

Who are you expecting to change their mind and about what?

Offline aygart

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Re: Areivim USA - Coronavirus
« Reply #801 on: June 06, 2021, 09:59:13 PM »
R Posen just announced that the Lakewood Cheder bought life insurance for all Rabbeim
« Last Edit: June 06, 2021, 11:39:19 PM by aygart »
Feelings don't care about your facts

Offline yelped

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Re: Areivim USA - Coronavirus
« Reply #802 on: June 07, 2021, 12:11:45 AM »
R Posen just announced that the Lakewood Cheder bought life insurance for all Rabbeim
How much? I know there was an organization that used to buy a $50,000 policy for each Rebbe and teacher. That's nice, but not going to cover much if it's needed Chas VeShalom.

Online ExGingi

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Re: Areivim USA - Coronavirus
« Reply #803 on: June 07, 2021, 12:45:20 AM »
How much? I know there was an organization that used to buy a $50,000 policy for each Rebbe and teacher. That's nice, but not going to cover much if it's needed Chas VeShalom.

Are you referring to http://www.grusslife.org/programs/program.asp?id=8

$50,000 can be purchased by employer for employees and would not be taxable to the employees. It would also cost very little. Higher amounts would generally be a taxable benefit if employer paid.
I've been waiting over 5 years with bated breath for someone to say that!
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Offline yelped

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Re: Areivim USA - Coronavirus
« Reply #804 on: June 07, 2021, 11:10:58 AM »
Are you referring to http://www.grusslife.org/programs/program.asp?id=8

$50,000 can be purchased by employer for employees and would not be taxable to the employees. It would also cost very little. Higher amounts would generally be a taxable benefit if employer paid.
Probably.