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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
Quote
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].



Quote
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):
Quote
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 r”l, 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
35 (67.3%)
Only Areivim
17 (32.7%)

Total Members Voted: 52

Author Topic: Areivim USA - Coronavirus  (Read 60183 times)

Offline YitzyS

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Re: Areivim USA - Coronavirus
« Reply #840 on: August 01, 2022, 02:26:58 PM »
Not to derail the thread, but here is an amazing follow-up to the story
Wow!!

Offline aygart

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Re: Areivim USA - Coronavirus
« Reply #841 on: August 01, 2022, 03:31:18 PM »
Fact? or allegation ?
One of each
Feelings don't care about your facts

Offline yesitsme

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Re: Areivim USA - Coronavirus
« Reply #842 on: August 02, 2022, 12:32:55 AM »
Thanks, and what does "שליס" mean?
typo
should've been שליש
["-"]

Offline yesitsme

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Re: Areivim USA - Coronavirus
« Reply #843 on: August 02, 2022, 12:53:30 AM »
27) The bereaved family’s funds will be overseen and distributed by trustees comprised
of all or some of
  • an Areivim USA representative,
  • a representative of the family, 
  • a financially-proficient individual selected by the family, 
  • and a rabbinical advisor.
All trustees must be approved by Areivim USA.

Offline Yosel

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Re: Areivim USA - Coronavirus
« Reply #844 on: August 03, 2022, 11:32:30 AM »
Guys, it's a reference to a story made more famous by Shlomo Carlebach about a Yid who was called "Yossele the Holy Miser". Not to derail the thread, but here is an amazing follow-up to the story
WOW and thanks for sharing the link to the unbelievable story. I cried again reading it.  (because I remember when it all happened years ago, and it was a big to do)

and @YitzyS maybe one day you will find out who "joe the Miser" is

Offline Dan

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Re: Areivim USA - Coronavirus
« Reply #845 on: August 03, 2022, 04:47:54 PM »
Guys, it's a reference to a story made more famous by Shlomo Carlebach about a Yid who was called "Yossele the Holy Miser". Not to derail the thread, but here is an amazing follow-up to the story
Fantastic story! There should definitely be a thread of the best stories from "Here's my story."

When we were studying for smicha in YOEC we were all terrified that R' Dovid would be as terrifying as his younger brother, the Rosh, when he tested us. But he was as sweet as can be.





Rare photo of the Rosh smiling:
« Last Edit: August 03, 2022, 05:23:49 PM by Dan »
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline Yehuda57

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Re: Areivim USA - Coronavirus
« Reply #846 on: August 03, 2022, 05:10:47 PM »
Fantastic story! There should definitely be a thread of the best stories from "Here's my story."
Not exactly that, but there are these:
https://www.jemstore.com/My_Story_p/my-story.htm
https://www.jemstore.com/My_Story_2_p/my-story2.htm


When we were studying for smicha in YOEC we were all terrified that R' Dovid would be as terrifying as his older brother, the Rosh, when he tested us. But he was as sweet as can be.


Lol, probably the tamest of the brothers
Quote from: ExGingi
Yehuda57 needs to spew a certain amount of sarcasm in order to survive through the day.

Offline Lurker

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Re: Areivim USA - Coronavirus
« Reply #847 on: August 03, 2022, 05:21:43 PM »
the tamest of the brothers, and its not even close

FTFY
Failing at maintaining Lurker status.

Offline David61

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Re: Areivim USA - Coronavirus
« Reply #848 on: August 24, 2022, 01:53:23 AM »
A parent or step parent or uncle or married sibling or sibling in law among many others

It's certainly possible, but seems like a relatively low risk, in this context (where there are young children/orphans, that need to be married off).

The surviving spouse should be relatively young (with full mental capabilities) at the time their children are getting married.
 
It may or may not be a proof, but among those with life insurance (or substantial assets), I would guess that a very small % (<2%) of people stipulate how their surviving spouse (from a first marriage) use the proceeds (or set up constraints in their Will for how the spouse uses that), presumably trusting their spouses judgement in handling that properly.

Offline yfr bachur

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Re: Areivim USA - Coronavirus
« Reply #849 on: August 24, 2022, 09:29:38 AM »
It's certainly possible, but seems like a relatively low risk, in this context (where there are young children/orphans, that need to be married off).

The surviving spouse should be relatively young (with full mental capabilities) at the time their children are getting married.
 
It may or may not be a proof, but among those with life insurance (or substantial assets), I would guess that a very small % (<2%) of people stipulate how their surviving spouse (from a first marriage) use the proceeds (or set up constraints in their Will for how the spouse uses that), presumably trusting their spouses judgement in handling that properly.

As stated many times on this thread, Areivim is NOT life insurance, rather a tzedaka, where all members agree to pay automatically if/when a member passes on with unmarried children. The funds are supposed to be used for marrying the children off - Hachnansas Kallah (in some cases the trustees will allow for it to be used for other things, but that's why there are trustees - to make sure the funds managed properly). So no real comparison to a will or life insurance - Its tzedaka funds which need to be used for the intended purpose.

While I was on vacation I saw some story in my google news feed about Areivim Israel being sued for 44 million shekel, but i had no time to read it then and now i cant find anything about it...

Offline drosenberg88429

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Re: Areivim USA - Coronavirus
« Reply #850 on: August 24, 2022, 11:04:54 AM »
Btw, this is Areivim Israel version (pictures of pamphlet - their website doesn't have T&Cs that I can see). I found it interesting to read. They seem to be backed by Vaad Harabbanim, which is a legitimate organization with Gedolim behind them. (They write an interesting calculation why it's not a deficiency in bitachon to join - they say the fact that tens of thousands of bnei Torah will lose money if you were to die is in of itself a protective measure, as their merit and fact that they don't deserve this loss will prevent any of the members from perishing and necessitating charging all the members of the group.)

Offline ExGingi

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Re: Areivim USA - Coronavirus
« Reply #851 on: August 24, 2022, 11:22:57 AM »
Btw, this is Areivim Israel version (pictures of pamphlet - their website doesn't have T&Cs that I can see). I found it interesting to read. They seem to be backed by Vaad Harabbanim, which is a legitimate organization with Gedolim behind them. (They write an interesting calculation why it's not a deficiency in bitachon to join - they say the fact that tens of thousands of bnei Torah will lose money if you were to die is in of itself a protective measure, as their merit and fact that they don't deserve this loss will prevent any of the members from perishing and necessitating charging all the members of the group.)

Why this?

I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline drosenberg88429

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Re: Areivim USA - Coronavirus
« Reply #852 on: August 24, 2022, 11:29:28 AM »
Why this?

Wdym? Why is there a signup promo?

Offline EliJelly

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Re: Areivim USA - Coronavirus
« Reply #853 on: August 24, 2022, 11:37:45 AM »
Oh my, this title on Reb Chaim's book... The Litvaks are the new chassidim.

Offline ExGingi

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Re: Areivim USA - Coronavirus
« Reply #854 on: August 24, 2022, 11:56:04 AM »
Wdym? Why is there a signup promo?

Exactly.

Oh my, this title on Reb Chaim's book... The Litvaks are the new chassidim.

Ancient news.
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline yfr bachur

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Re: Areivim USA - Coronavirus
« Reply #855 on: August 28, 2022, 02:33:47 PM »
Btw, this is Areivim Israel version (pictures of pamphlet - their website doesn't have T&Cs that I can see). I found it interesting to read. They seem to be backed by Vaad Harabbanim, which is a legitimate organization with Gedolim behind them. (They write an interesting calculation why it's not a deficiency in bitachon to join - they say the fact that tens of thousands of bnei Torah will lose money if you were to die is in of itself a protective measure, as their merit and fact that they don't deserve this loss will prevent any of the members from perishing and necessitating charging all the members of the group.)

There are actually two israeli vrsions of Areivim: Areivim, backed by Kupat Hair, and Kol Yisroel Areivim, Backed by Vaad Harabbonim....