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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
49 (70%)
Only Areivim
21 (30%)

Total Members Voted: 70

Author Topic: Areivim USA - Coronavirus  (Read 152185 times)

Online JMHO

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Re: Areivim USA - Coronavirus
« Reply #300 on: May 03, 2020, 10:05:54 AM »
Thereís a board of a few people itís not a 1 man band, and they also have a board of Rabanim. Iím not sure whoís from the Rabonim but I believe R Binumin Landau is one of them.
Are their returns and tax documents available online like every other charity/501c3?

If not, something is very wrong...

Offline JACKBLUE

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Re: Areivim USA - Coronavirus
« Reply #301 on: May 03, 2020, 10:06:27 AM »
Are their returns and tax documents available online like every other charity/501c3?

If not, something is very wrong...
No idea

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Re: Areivim USA - Coronavirus
« Reply #302 on: May 03, 2020, 10:07:05 AM »
He thought that it is extremely sustainable if the purpose is charity
It can charity and not sustainable too.

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Re: Areivim USA - Coronavirus
« Reply #303 on: May 03, 2020, 10:07:42 AM »

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Re: Areivim USA - Coronavirus
« Reply #304 on: May 03, 2020, 10:15:25 AM »
I have asked  R Binumin Landau who is a very smart and thorough ruv.

He thought that it is extremely sustainable if the purpose is charity
Iím confused what one has to do with the other. Is it sustainable as something promising life insurance to people who are members? Especially in light of this epidemic?
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Re: Areivim USA - Coronavirus
« Reply #305 on: May 03, 2020, 10:15:37 AM »
Lemasa, all these people that the community raised letís say $250K (which is more to the high side of all those campaigns) letís say that person left behind 3 children he would of gotten from Areivim $400K and no one would even know that person name, instead now everyone knows this guys wife by face and all their children are now embarrassed to go on the street because all of the videos going around of them crying by the Levaya etc........
How many had Areivim and needed nothing else? Those I know of still needed fundraising even after Areivim.
Feelings don't care about your facts

Offline Drago

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Re: Areivim USA - Coronavirus
« Reply #306 on: May 03, 2020, 10:23:07 AM »
Iím confused what one has to do with the other. Is it sustainable as something promising life insurance to people who are members? Especially in light of this epidemic?
He might mean that as long as money is coming in, money will be available to be given out as charity, albeit not in the amounts that were initially communicated.

Still struggling to see why this is classified as a charity, unless you either have no children who can benefit, or tell them to not list your children as a potential beneficiary.

Offline mgarfin

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Re: Areivim USA - Coronavirus
« Reply #307 on: May 03, 2020, 10:24:37 AM »
Iím confused what one has to do with the other. Is it sustainable as something promising life insurance to people who are members? Especially in light of this epidemic?

What I mean is that if it's not always compared to life insurance cost

As a young guy with only one or two children or an older guy that has married off most will have same cost as someone with 10 children

If we still can get a pool of people at all ages signing up and contributing as it is charity it can be sustainable

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Re: Areivim USA - Coronavirus
« Reply #308 on: May 03, 2020, 10:26:56 AM »
What I mean is that if it's not always compared to life insurance cost

As a young guy with only one or two children or an older guy that has married off most will have same cost as someone with 10 children

If we still can get a pool of people at all ages signing up and contributing as it is charity it can be sustainable
Please explain how they can address the concerns Iíve raised? The numbers they need to raise are close to triple for this year already. Considering they were already raising close to the max every year how can they continue to function as is?

Iím not asking for an opinion, Iím asking for a logical solution. Perhaps there is one I didnít think of? But the concerns are valid.
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Re: Areivim USA - Coronavirus
« Reply #309 on: May 03, 2020, 10:33:03 AM »
If we still can get a pool of people at all ages signing up and contributing as it is charity it can be sustainable
when a financial system relies on new ppl signing up in order to be sustainable... :)
« Last Edit: May 03, 2020, 10:36:34 AM by Drago »

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Re: Areivim USA - Coronavirus
« Reply #310 on: May 03, 2020, 10:33:57 AM »
I wonder why not lol.
Seriously??

Offline mgarfin

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Re: Areivim USA - Coronavirus
« Reply #311 on: May 03, 2020, 10:36:08 AM »
Please explain how they can address the concerns Iíve raised? The numbers they need to raise are close to triple for this year already. Considering they were already raising close to the max every year how can they continue to function as is?

Iím not asking for an opinion, Iím asking for a logical solution. Perhaps there is one I didnít think of? But the concerns are valid.
They are not raising close to Max until now
I need to find a flyer they created once on this

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Re: Areivim USA - Coronavirus
« Reply #312 on: May 03, 2020, 10:37:18 AM »
when something relies on new ppl signing up in order to be sustainable... :)
Probably did not come across clear

I did not mean that they need to get new members You just need to pool to keep on running on the same mix

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Re: Areivim USA - Coronavirus
« Reply #313 on: May 03, 2020, 10:37:21 AM »
when something relies on new ppl signing up in order to be sustainable... :)
I didnít mention this because I donít think thatís what he meant, I think he means as long as the current and future pool consist of people who are contributing without expecting to be paid out. Still doesnít explain its sustainability but doesnít mean
How do you spell PONZI SCHEME?
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Re: Areivim USA - Coronavirus
« Reply #314 on: May 03, 2020, 10:39:03 AM »
his name is Rabbi Yosef Menachem Fishman, he runs Ezras Yisroel as well.
P.S. anyone cane PM me for his number and you can call him with all your questions!
Anyone who is knowledgeable in this industry wanto volunteer to call him and get clarification so we can clear out this thread?!

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Re: Areivim USA - Coronavirus
« Reply #315 on: May 03, 2020, 10:39:46 AM »
They are not raising close to Max until now
I need to find a flyer they created once on this
I donít care what their flyer says. I have been a member for a year now and
I signed up in May 2019 and the only month in which I have not experienced a collection since is August 2019.
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Re: Areivim USA - Coronavirus
« Reply #316 on: May 03, 2020, 10:40:09 AM »
Anyone who is knowledgeable in this industry wanto volunteer to call him and get clarification so we can clear out this thread?!

We need to get him for a dans deals AMA

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Re: Areivim USA - Coronavirus
« Reply #317 on: May 03, 2020, 10:43:53 AM »
I donít care what their flyer says. I have been a member for a year now and
Not a tremendous sample size.
Feelings don't care about your facts

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Re: Areivim USA - Coronavirus
« Reply #318 on: May 03, 2020, 10:45:50 AM »
Not a tremendous sample size.
A year? If theyíre anything close to that usually theyíre in hot water, someone else mentioned being on for a few years and averaging 9-10 collections a year. That would still mean theyíre already set back a nice bunch of years, with no new deaths. Also, letís not kid ourselves, there are still more deaths yet to come RĒl.
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Re: Areivim USA - Coronavirus
« Reply #319 on: May 03, 2020, 10:46:39 AM »
I donít care what their flyer says. I have been a member for a year now and
Iím a member for 7 years in 2019 they charged me 10 months, but the last 6 years IINM the max was 8 months.