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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 158023 times)

Offline JACKBLUE

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Re: Areivim USA - Coronavirus
« Reply #460 on: May 06, 2020, 07:25:48 AM »
Is it OK for me to predict what the update will be?
Yes you can predict whatever you want, itís a free country!
I predict that they will give it to them.

Offline AsherO

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Re: Areivim USA - Coronavirus
« Reply #461 on: May 06, 2020, 07:26:33 AM »
everyone pays $5 per orphan, members and sponsors.

Iím confused. So why do they raise funds in $7 increments?
DDF FFB (Forum From Birth)

Offline JACKBLUE

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Re: Areivim USA - Coronavirus
« Reply #462 on: May 06, 2020, 07:30:50 AM »
Iím confused. So why do they raise funds in $7 increments?
when they started they were planning to cap the group at 14.5K members so that would be $7 per orphan, in the end they decided to make a larger group and they have now 20K members so its only $5 per orphan. They still charge in $7 increments because they can raise the money faster.

Offline ExGingi

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Re: Areivim USA - Coronavirus
« Reply #463 on: May 06, 2020, 08:19:12 AM »
ביטוח חיים מסובסד בחלקו ע"י משרד החינוך לאברכים יוצא לדרך מתחילת 2020 הבאה עלינו לטובה.

אבי התוכנית הוא סגן שר האוצר ח"כ יצחק כהן. ח"כ כהן קורא לאברכים ללחוץ על ראשי הכוללים על מנת להצטרף לתוכנית המאפשרת למשפחתו של אברך שנפטר לקבל משכורת במשך 15 שנה מיום פטירתו.

 מדובר על ביטוח חיים מסוג ריסק קבוצתי שייערך החל מחודש ינואר 2020 בעבור אברכים שלומדים במוסדות תורניים המתוקצבים על ידי משרד החינוך. ההצטרפות תהיה וולונטרית לכל מוסד תורני בנפרד.  מדובר על ציבור אברכים שמוערך בכ 90 אלף איש ובהיקף פרמיות שנתי המוערך בכ 30 מיליון ₪ לשנה.

In short, it's subsidized (elsewhere it says 50% of costs are paid by the government), and not every eligible institution has to join.
While it's optional for the institution, it's not voluntary participation of the students. And from what I read there is no extra government funding for this, it will come out of the funding allocated to the ministry of education for the Koilelim. A koilel that chooses to join will see its cash funding reduced to offset the premiums.

There's a reason this is championed by a populist MK and opposed to by veteran monetary committee chairman Moshe Gafni.
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline mgarfin

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Re: Areivim USA - Coronavirus
« Reply #464 on: May 06, 2020, 09:28:42 AM »

There's a reason this is championed by a populist MK and opposed to by veteran monetary committee chairman Moshe Gafni.

Moshiach's times
You're praising a real Litvak from Degel
« Last Edit: May 06, 2020, 10:02:29 AM by mgarfin »

Offline ExGingi

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Re: Areivim USA - Coronavirus
« Reply #465 on: May 06, 2020, 09:30:30 AM »
Moshiachs times
You're praising a real litvak from degel
If that's what defines Moshiach times, as far as I'm concerned we've been there for a long while. I will give praise where it's due regardless of background or affiliation.

Lehavdil, I've even praised Cuomo where praise was due, despite background and affiliation.
« Last Edit: May 06, 2020, 09:44:17 AM by ExGingi »
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

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Re: Areivim USA - Coronavirus
« Reply #466 on: May 06, 2020, 10:21:06 AM »
Regardless of whether the government is subsidizing the insurance or not, i see a high value in them ensuring that ppl who may not otherwise purchase coverage will have it at more affordable rates. Kudos to the chareidi politicians who pushed it thru.

Anyone know if any schools/kollels in the US have a similar program?

Offline yesitsme

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Re: Areivim USA - Coronavirus
« Reply #467 on: May 06, 2020, 10:26:24 AM »
Regardless of whether the government is subsidizing the insurance or not, i see a high value in them ensuring that ppl who may not otherwise purchase coverage will have it at more affordable rates. Kudos to the chareidi politicians who pushed it thru.

Anyone know if any schools/kollels in the US have a similar program?
[some] schools have it for their melamdim, because if something happens the family comes to cry to the school
["-"]

Offline ExGingi

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Re: Areivim USA - Coronavirus
« Reply #468 on: May 06, 2020, 10:51:49 AM »
Regardless of whether the government is subsidizing the insurance or not, i see a high value in them ensuring that ppl who may not otherwise purchase coverage will have it at more affordable rates. Kudos to the chareidi politicians who pushed it thru.

Anyone know if any schools/kollels in the US have a similar program?

I'm not familiar with the Israeli insurance market, but I can tell you that group term insurance might not competitive with an individual term policy for an individual classified as a preferred risk.

[some] schools have it for their melamdim, because if something happens the family comes to cry to the school

Are you referring to the 125,000 of coverage provided to every educator in NYC Jewish schools by the Gruss Foundation?
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline Kobe Bryant

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Re: Areivim USA - Coronavirus
« Reply #469 on: May 06, 2020, 12:25:46 PM »

Lehavdil, I've even praised Cuomo where praise was due.

would love to know when praise was due.

Offline Yosel

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Re: Areivim USA - Coronavirus
« Reply #470 on: May 06, 2020, 12:43:01 PM »
Yes you can predict whatever you want, itís a free country!
I predict that they will give it to them.
we finally agree on something, However it will be given to the "prominent Rabanim"...............to manage, no good!!

Offline mgarfin

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Re: Areivim USA - Coronavirus
« Reply #471 on: May 06, 2020, 01:17:36 PM »
we finally agree on something, However it will be given to the "prominent Rabanim"...............to manage, no good!!

With your attitude, no one should contribute to any fundraiser as all are run and distributed by "prominent Rabanim"

Offline JACKBLUE

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Re: Areivim USA - Coronavirus
« Reply #472 on: May 06, 2020, 02:06:30 PM »
we finally agree on something, However it will be given to the "prominent Rabanim"...............to manage, no good!!
LOL! we're not here to fight! everyone is entitled to have their own opinion.

Offline S209

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Re: Areivim USA - Coronavirus
« Reply #473 on: May 06, 2020, 06:06:03 PM »
LOL! we're not here to fight!
Speak for yourself. :)
Quote from: YitzyS
Quotes in a signature is annoying, as it comes across as an independent post.

Offline JACKBLUE

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Re: Areivim USA - Coronavirus
« Reply #474 on: May 06, 2020, 07:00:54 PM »

Offline Lou Bob

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Re: Areivim USA - Coronavirus
« Reply #475 on: May 08, 2020, 01:37:22 PM »
Just heard from Arievim that one of the people that died from Covid19, left behind a big family, when he signed up originally he signed that he only wants to give and not get a payout if he dies because he had a nice amount of LI, in the last year he was struggling and left his LI lapse.
They are still deciding how to go about it.....
#JustSaying
update?
Always use an Amex, you'll thank me one day.

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Re: Areivim USA - Coronavirus
« Reply #476 on: May 08, 2020, 02:08:05 PM »
update?
i didnít hear yet an update. I will post here when I know.

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Re: Areivim USA - Coronavirus
« Reply #477 on: May 30, 2020, 11:33:36 PM »
Got a letter from them saying that, as per the direction of their Rabbonim, they are beginning to charge $28 twice a month, on the first and the fifteenth. They wrote that if you can afford to, you can pay $450 now and stay with regular payments, and it helps get the money to the families quicker.

Offline Eb228

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Re: Areivim USA - Coronavirus
« Reply #478 on: May 30, 2020, 11:49:25 PM »
Got a letter from them saying that, as per the direction of their Rabbonim, they are beginning to charge $28 twice a month, on the first and the fifteenth. They wrote that if you can afford to, you can pay $450 now and stay with regular payments, and it helps get the money to the families quicker.

Got this today too.

Also states that if $28 twice a month is too much for you, you can spread out over more months.
Either way, everyone will be required to pay the extre 450.

Offline YitzyS

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Re: Areivim USA - Coronavirus
« Reply #479 on: May 30, 2020, 11:50:13 PM »
Got this today too.

Also states that if $28 twice a month is too much for you, you can spread out over more months.
Either way, everyone will be required to pay the extre 450.
Unless you cancel your membership