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

Total Members Voted: 70

Author Topic: Areivim USA - Coronavirus  (Read 143494 times)

Online ExGingi

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Re: Areivim USA - Coronavirus
« Reply #640 on: May 28, 2021, 10:36:02 AM »
This isn't protected by HIPAA?

When you apply for life insurance you sign a HIPAA release form.

The availability of this information is what enables various preferred rating pricing. Otherwise we'd all be stuck in the 70s with only Standard rating or decline. The more available information, the better the risk can be priced.
I've been waiting over 5 years with bated breath for someone to say that!
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Offline yesitsme

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Re: Areivim USA - Coronavirus
« Reply #641 on: May 28, 2021, 10:37:06 AM »
This isn't protected by HIPAA?
By signing you agree to let us collect anything we want
["-"]

Offline aygart

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Re: Areivim USA - Coronavirus
« Reply #642 on: May 28, 2021, 11:10:27 AM »
Real Life Insurance doesn't just "work with a blood test" there is an underwriting process. Depending on the amount of insurance it will involve more or less parts. Driving records are checked (I know of healthy people who were declined over driving record), prescription databases are checked (any prescription ever filled through insurance will be there), some will do a telephone interview (which tends to reveal things that might otherwise not be revealed, doctors records are reviewed, and criminal and some financial background checks are done.
Either way, once the policy is written it will be paid if needed.
Feelings don't care about your facts

Offline yesitsme

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Re: Areivim USA - Coronavirus
« Reply #643 on: May 28, 2021, 11:20:37 AM »
Either way, once the policy is written it will be paid if needed.
And that is the diference between a LI agency and a tzedakah org

Offline aygart

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Re: Areivim USA - Coronavirus
« Reply #644 on: May 28, 2021, 12:07:47 PM »
And that is the diference between a LI agency and a tzedakah org
yup
Feelings don't care about your facts

Offline Mordyk

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Re: Areivim USA - Coronavirus
« Reply #645 on: May 28, 2021, 04:55:29 PM »
Thank @tov hashem for PM’ing me details of this story, I reached out to Arievim for details, I don’t wanto go into all details, but this guy was dead sick for years before he became a member and he didn’t disclose any of his medical conditions when he applied which if he would they wouldn’t accept him.
They should know this before they take his money for years....


I know another story. A person had a minor condition that he can live for years. He died of a totally different cause. And they did not want to pay out...
#TYH

Offline AsherO

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Re: Areivim USA - Coronavirus
« Reply #646 on: May 28, 2021, 05:38:11 PM »
They should know this before they take his money for years....

Which is why AFAIK life insurance companies can’t deny claims after 2 years of coverage for errors in the application, maybe when it was fraud they could, but the burden of proof would be on them.

@ExGingi am I right? Please CMIIW
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Offline AsherO

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Re: Areivim USA - Coronavirus
« Reply #647 on: May 28, 2021, 05:39:48 PM »
They should know this before they take his money for years....


I know another story. A person had a minor condition that he can live for years. He died of a totally different cause. And they did not want to pay out...

If Arevim only has 20-30k members and they have at least two known cases of denying coverage to claims from existing members, that’s a lousy track record. Do they publish how many claims they have a year?
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Offline AsherO

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Re: Areivim USA - Coronavirus
« Reply #648 on: May 28, 2021, 05:44:14 PM »
Why is Areivim listed as a religious organization to be exempt from filing a form 990? If they’re a charity then they should be registered as one and file accordingly.
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Offline shapsam

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Re: Areivim USA - Coronavirus
« Reply #649 on: May 28, 2021, 06:22:12 PM »
Why is Areivim listed as a religious organization to be exempt from filing a form 990? If they’re a charity then they should be registered as one and file accordingly.
Why can't they be a religious organization that does charity work?

Offline AsherO

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Re: Areivim USA - Coronavirus
« Reply #650 on: May 29, 2021, 10:57:36 PM »
Why can't they be a religious organization that does charity work?

Lots of religious organizations whose sole purpose is charity work (ostensibly) list themselves in a category that requires them to file 990s.
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Re: Areivim USA - Coronavirus
« Reply #651 on: May 29, 2021, 11:08:04 PM »
Lots of religious organizations whose sole purpose is charity work (ostensibly) list themselves in a category that requires them to file 990s.

That might be done in order to be able to receive donations from various foundations.
I've been waiting over 5 years with bated breath for someone to say that!
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Offline AsherO

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Re: Areivim USA - Coronavirus
« Reply #652 on: May 29, 2021, 11:26:13 PM »
That might be done in order to be able to receive donations from various foundations.

I guess that’s plausible. I just take issue with what I perceive as lack of transparency, I went looking for a 990 as I figured it would shed light on their financials.
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Re: Areivim USA - Coronavirus
« Reply #653 on: May 29, 2021, 11:34:03 PM »
Which is why AFAIK life insurance companies can’t deny claims after 2 years of coverage for errors in the application, maybe when it was fraud they could, but the burden of proof would be on them.

@ExGingi am I right? Please CMIIW

In all US states Life Insurance has a 2 year contestability period. A death claim within 2 years of issue will require submission of medical information. If death claim submitted more than 2 years after issue it will be only a death claim and a death certificate.

It is important to note that a lapse and reinstatement could restart the 2 year contestability.
I've been waiting over 5 years with bated breath for someone to say that!
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Re: Areivim USA - Coronavirus
« Reply #654 on: May 29, 2021, 11:34:33 PM »
I guess that’s plausible. I just take issue with what I perceive as lack of transparency, I went looking for a 990 as I figured it would shed light on their financials.

It's an extra cost.
I've been waiting over 5 years with bated breath for someone to say that!
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Offline tov hashem

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Re: Areivim USA - Coronavirus
« Reply #655 on: May 29, 2021, 11:34:59 PM »
If Arevim only has 20-30k members and they have at least two known cases of denying coverage to claims from existing members, that’s a lousy track record. Do they publish how many claims they have a year?
i confirmed with mordyk that we're talking about 2 different cases

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Re: Areivim USA - Coronavirus
« Reply #656 on: May 29, 2021, 11:37:32 PM »
In all US states Life Insurance has a 2 year contestability period. A death claim within 2 years of issue will require submission of medical information.

Even if the person was murdered or died in an accident or other cause of death that is likely unrelated to anything medical?
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Offline Yosel

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Re: Areivim USA - Coronavirus
« Reply #657 on: May 29, 2021, 11:42:41 PM »
Even if the person was murdered or died in an accident or other cause of death that is likely unrelated to anything medical?
yes, it’s a full investigation, not only medical

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Re: Areivim USA - Coronavirus
« Reply #658 on: May 29, 2021, 11:55:24 PM »
Even if the person was murdered or died in an accident or other cause of death that is likely unrelated to anything medical?

A (weird) case that comes to mind is of a certain individual who was actually in the business of coaching/training life insurance agents (the name escapes me at the moment), that ended up hiring someone to murder him. His life insurance that was less than 2 years old was not paid.

https://www.dailymail.co.uk/news/article-1358039/Motivational-speaker-paid-hitman-kill-family-14-million-life-insurance.html

https://www.nydailynews.com/new-york/lawsuit-seeks-prevent-jeffrey-locker-family-collecting-life-insurance-bizarre-death-article-1.465158

https://en.m.wikipedia.org/wiki/Jeffrey_Locker


« Last Edit: May 30, 2021, 12:00:42 AM by ExGingi »
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Re: Areivim USA - Coronavirus
« Reply #659 on: May 30, 2021, 12:03:50 AM »
A (weird) case that comes to mind is of a certain individual who was actually in the business of coaching/training life insurance agents (the name escapes me at the moment), that ended up hiring someone to murder him. His life insurance that was less than 2 years old was not paid.

https://www.dailymail.co.uk/news/article-1358039/Motivational-speaker-paid-hitman-kill-family-14-million-life-insurance.html

https://www.nydailynews.com/new-york/lawsuit-seeks-prevent-jeffrey-locker-family-collecting-life-insurance-bizarre-death-article-1.465158

https://en.m.wikipedia.org/wiki/Jeffrey_Locker

Fascinating story

But
1. He lied about financials, not medical stuff
2. This is almost like the slayer rule... שלא יהא חוטא נשכר
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