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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 rĒl, 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
46 (68.7%)
Only Areivim
21 (31.3%)

Total Members Voted: 67

Author Topic: Areivim USA - Coronavirus  (Read 131390 times)

Online ExGingi

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Re: Areivim USA - Coronavirus
« Reply #180 on: May 01, 2020, 06:10:42 PM »
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline yesitsme

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Re: Areivim USA - Coronavirus
« Reply #181 on: May 01, 2020, 06:21:17 PM »
Can't argue with that.
my BIL is a LI agent
I told him you're always welcome to talk and it will stay at that level, he once tried I listened 45 minutes looked at his charts and told him thank you.
["-"]

Offline Mikeoracle

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Re: Areivim USA - Coronavirus
« Reply #182 on: May 01, 2020, 06:29:30 PM »
yup
clue us in? Is Stolin against buying LI?

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Re: Areivim USA - Coronavirus
« Reply #183 on: May 01, 2020, 06:33:12 PM »
clue us in? Is Stolin against buying LI?
yes and don't ask me why because I don't know the answer
so Areivim is the only alternative
["-"]

Offline Lou Bob

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Re: Areivim USA - Coronavirus
« Reply #184 on: May 01, 2020, 06:34:46 PM »
yes and don't ask me why because I don't know the answer
so Areivim is the only alternative
what's the difference between the two?
Always use an Amex, you'll thank me one day.

Offline yesitsme

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Re: Areivim USA - Coronavirus
« Reply #185 on: May 01, 2020, 06:35:26 PM »
what's the difference between the two?
no one is against charity

Offline Lou Bob

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Re: Areivim USA - Coronavirus
« Reply #186 on: May 01, 2020, 06:41:44 PM »
no one is against charity
so same thing, different packaging. No?
Always use an Amex, you'll thank me one day.

Offline yesitsme

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Re: Areivim USA - Coronavirus
« Reply #187 on: May 01, 2020, 06:52:03 PM »
so same thing, different packaging. No?
life insurance is not a charity
its also not apple juice

Offline Lou Bob

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Re: Areivim USA - Coronavirus
« Reply #188 on: May 01, 2020, 06:58:28 PM »
life insurance is not a charity
its also not apple juice
life insurance- Pay, die, money.
Areivim- pay, die, money.
Always use an Amex, you'll thank me one day.

Offline yesitsme

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Re: Areivim USA - Coronavirus
« Reply #189 on: May 01, 2020, 07:00:39 PM »
life insurance- Pay, die, money.
Areivim- pay, die, money.
you're asking me whats wrong with LI I cant answer that question, because I don't know the answer

Areivim- I'm not paying into my account, I'm paying into yesomim
if there is no yesomim we dont pay

Offline ckmk47

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Re: Areivim USA - Coronavirus
« Reply #190 on: May 01, 2020, 07:12:58 PM »
my BIL is a LI agent
I told him you're always welcome to talk and it will stay at that level, he once tried I listened 45 minutes looked at his charts and told him thank you.
Whole life is meant as a savings/retirement/investment item besides being life insurance.  As such, it's expensive, sometimes wildly so.
Term life insurance in only insurance.  Usually it is affordable. 
$1 million of coverage  (10 yesomim getting $100,000 each)
can be $400 a year for a 30 year old., $600 for a 40 yo, $1600 for a 50 yo.
(Although getting 'level term' locks in a lower price for 20 or 30 years. (keeping the price level))


My favorite cause: cssy.org

Offline AsherO

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Re: Areivim USA - Coronavirus
« Reply #191 on: May 01, 2020, 07:27:15 PM »
I personally know of a case when a member passed away and left 7 unmarried children, and had $4M LI and got from Areivim the money no questions asked.

Why? I thought they only give those in need?
100% of Likes will be donated to support our brothers and sisters in Eretz Yisrael

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Re: Areivim USA - Coronavirus
« Reply #192 on: May 01, 2020, 07:33:34 PM »
Why? I thought they only give those in need?
if they say they dont need, they are not obligated to take

most need
["-"]

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Re: Areivim USA - Coronavirus
« Reply #193 on: May 02, 2020, 09:47:54 PM »
Why? I thought they only give those in need?
Exactly my point. They do give everyone, unless the family doesnít wanto take it.

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Re: Areivim USA - Coronavirus
« Reply #194 on: May 02, 2020, 10:29:56 PM »
life insurance- Pay, die, money.
Areivim- tzedakah (P.S. die, money.)
FTFY

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Re: Areivim USA - Coronavirus
« Reply #195 on: May 02, 2020, 10:32:25 PM »
I know there is a dedicated LI thread, but I just found this and this conversation is going on, so I'm posting it here. I can't vouch for it's validity, and I find it hard that Rav Moshe would sign "Rabbi".

https://twitter.com/Rivnitz/status/1255883773264179200

Offline David61

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Re: Areivim USA - Coronavirus
« Reply #196 on: May 02, 2020, 11:32:58 PM »
Transparency should be between all the contributors and the organization.

Iím puzzled by the numbers.

They are looking to raise 8 million, and are asking $400/member. Mathematically that implies there are 20,000 members (not 14,500 as someone suggested above)

If so, why do they usually charge each member $7/yasom instead of $5/yasom?

 By charging $7/yasom arenít they in effect raising $140,000 per yasom (20,000 x 7) , and if they are paying out $100,000/yasom? Where is that extra $40,000 for each collection?




Offline JACKBLUE

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Re: Areivim USA - Coronavirus
« Reply #197 on: May 02, 2020, 11:39:51 PM »
Iím puzzled by the numbers.

They are looking to raise 8 million, and are asking $400/member. Mathematically that implies there are 20,000 members (not 14,500 as someone suggested above)

If so, why do they usually charge each member $7/yasom instead of $5/yasom?

 By charging $7/yasom arenít they in effect raising $140,000 per yasom (20,000 x 7) , and if they are paying out $100,000/yasom? Where is that extra $40,000 for each collection?
Areivim has now just a little more then 20K members.
Your question is a good question, Iím going to ask the founder of Areivim.
I know him personally.

Offline AsherO

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Re: Areivim USA - Coronavirus
« Reply #198 on: May 02, 2020, 11:44:23 PM »
Iím going to ask the founder of Areivim.
I know him personally.

It's good you're finally disclosing this after defending them on DDF these past few days.
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Re: Areivim USA - Coronavirus
« Reply #199 on: May 02, 2020, 11:46:10 PM »
It's good you're finally disclosing this after defending them on DDF these past few days.
Why would I need to say that I know him? I felt comfortable enough to post facts that I know about them.