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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
42 (66.7%)
Only Areivim
21 (33.3%)

Total Members Voted: 63

Author Topic: Areivim USA - Coronavirus  (Read 80849 times)

Online aygart

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Re: Areivim USA - Coronavirus
« Reply #880 on: January 30, 2023, 03:31:24 PM »
Unfortunately without a "splashing campaign" not much is raised. צרכי עמך מרובים.

-($)750000+ in a case I am familiar with where it supplemented Areivim.

But may belong here https://forums.dansdeals.com/index.php?topic=21675.0

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Offline moko

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Re: Areivim USA - Coronavirus
« Reply #881 on: January 30, 2023, 08:52:22 PM »
In recent years I delivered a death benefit of around $1.5MM that was insufficient. 😢
For what? In a vacuum? What obligations are there? How old are the kids? Are there any special needs? Is there a social security benefit?

Offline yesitsme

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Re: Areivim USA - Coronavirus
« Reply #882 on: February 05, 2023, 03:21:39 PM »
["-"]

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Re: Areivim USA - Coronavirus
« Reply #883 on: February 05, 2023, 04:12:21 PM »
.
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Re: Areivim USA - Coronavirus
« Reply #884 on: February 05, 2023, 04:22:53 PM »
Until this scheme runs its course itís a great way to give manageable increments of Tzedaka targeted to those who need it most while helping ease the communal burden.
Quote from: YitzyS
Quotes in a signature is annoying, as it comes across as an independent post.

Offline AsherO

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Re: Areivim USA - Coronavirus
« Reply #885 on: February 05, 2023, 04:47:23 PM »

Once again being promoted as ďsimilar toĒ and ďinstead of the high prices ofĒ LI.

Until this scheme runs its course itís a great way to give manageable increments of Tzedaka targeted to those who need it most while helping ease the communal burden.

Yup, only a matter of time before this Ponzi scheme collapses and members who chose this over term might have higher premiums due to their age and/ or health.
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Re: Areivim USA - Coronavirus
« Reply #886 on: February 06, 2023, 05:39:11 AM »
It's hard to say "high prices" with a straight face for young and healthy folks. Most people in that vid look like they would pay less than $42 for $1m 20-year term, so whose prices are actually higher here?

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Re: Areivim USA - Coronavirus
« Reply #887 on: February 06, 2023, 06:18:32 AM »
It's hard to say "high prices" with a straight face for young and healthy folks. Most people in that vid look like they would pay less than $42 for $1m 20-year term, so whose prices are actually higher here?

Has Areivim been averaging over $42 per month in past year?

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Re: Areivim USA - Coronavirus
« Reply #888 on: February 06, 2023, 06:42:11 AM »

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Re: Areivim USA - Coronavirus
« Reply #889 on: February 06, 2023, 06:56:52 AM »
See above

Have they been maxing out monthly on average over past year?

Offline YitzyS

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Re: Areivim USA - Coronavirus
« Reply #890 on: February 06, 2023, 07:43:32 AM »
Have they been maxing out monthly on average over past year?
Boruch Hashem I have had the zechus to donate a part of my maaser to Almanos and Yesomim in the full amount every month of 2022.

(Clarification: I am not celebrating that there ARE almanos and yesomim, only that I had the unbelievable zechus to be able to help them.)

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Re: Areivim USA - Coronavirus
« Reply #891 on: February 06, 2023, 07:55:33 AM »
Boruch Hashem I have had the zechus to donate a part of my maaser to Almanos and Yesomim in the full amount every month of 2022.

(Clarification: I am not celebrating that there ARE almanos and yesomim, only that I had the unbelievable zechus to be able to help them.)
This explains why new members are so important right now.
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Re: Areivim USA - Coronavirus
« Reply #892 on: February 06, 2023, 07:59:04 AM »
This explains why new members are so important right now.
They've had years similar to this one before, and they've had years since that there were less collections. It's hard to look at one year and say that it shows a fault in the system.

But again, the point of Areivim should ALWAYS be as a fantastic opportunity to help those who need it most, with fringe benefits we hope we never need. Classifying it as Life Insurance is wrong and should be strongly avoided.

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Re: Areivim USA - Coronavirus
« Reply #893 on: February 06, 2023, 09:15:08 AM »
This explains why new members are so important right now.

A hallmark of MLM/ponzi schemes. If this is Tzedakah, fine, but this keeps being promoted as similar to LI, which it very much isnít.
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Re: Areivim USA - Coronavirus
« Reply #894 on: February 06, 2023, 10:33:41 AM »
Has Areivim been averaging over $42 per month in past year?
I don't think I've ever had a quiet month since I joined years ago. Unfortunately, there were needs pretty much every month or spillovers from previous months.

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Re: Areivim USA - Coronavirus
« Reply #895 on: February 06, 2023, 12:27:02 PM »
A hallmark of MLM/ponzi schemes. If this is Tzedakah, fine, but this keeps being promoted as similar to LI, which it very much isnít.

I've enrolled not that long ago despite having enough LI coverage that al pi teva my family should not need the money due to the reframing of it as a tzedaka here on DDF. Based on their framing of it as an LI substitute/supplement, I would not have enrolled.



 
« Last Edit: February 06, 2023, 12:33:38 PM by aygart »
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Re: Areivim USA - Coronavirus
« Reply #896 on: February 06, 2023, 02:18:59 PM »
Boruch Hashem I have had the zechus to donate a part of my maaser to Almanos and Yesomim in the full amount every month of 2022.

(Clarification: I am not celebrating that there ARE almanos and yesomim, only that I had the unbelievable zechus to be able to help them.)
B'H i have the zechus to send money directly to almanos with yesomim, as often as i want. which i can halachackly use from maasser money.. because i know where i sent it, and that the alamna has cashed the check..........

where did your $42 go to??? really?

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Re: Areivim USA - Coronavirus
« Reply #897 on: February 06, 2023, 02:19:42 PM »
This explains why new members are so important right now.
Just like a Ponzi scheme, hence
Until this scheme runs its course itís a great way to give manageable increments of Tzedaka targeted to those who need it most while helping ease the communal burden.
Quote from: YitzyS
Quotes in a signature is annoying, as it comes across as an independent post.

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Re: Areivim USA - Coronavirus
« Reply #898 on: February 06, 2023, 02:20:25 PM »
The good new is, that any monies given to them, stay between Heimisha Yidden. also good

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Re: Areivim USA - Coronavirus
« Reply #899 on: February 06, 2023, 03:09:45 PM »
I don't think I've ever had a quiet month since I joined years ago. Unfortunately, there were needs pretty much every month or spillovers from previous months.

I do recall that before Covid certain months weren't charged or just partially charged. Since Covid there's a charge every single month and seven months during 2021 they charged twice per month.