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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
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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].



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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 142938 times)

Offline Euclid

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Areivim USA - Coronavirus
« Reply #1000 on: June 16, 2023, 12:51:33 PM »
If the vast majority of funds are collected for unmarried children, then not sure this is true.
Pretty common for people to still have unmarried kids into their 50s

Offline S209

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Re: Areivim USA - Coronavirus
« Reply #1001 on: June 16, 2023, 04:15:53 PM »
I don’t see any provided reason or logic backing that prediction. What will go wrong?
I and others already had this debate upthread several times. Check it out. Chiefly, I think that they’re too close to the edge at their current collection date and the selection only grows more adverse with time.

 (There is a reason they’re constantly looking to sign up new young couples, and I highly doubt too large a percentage of people who had been signed up earlier have already become ineligible.)
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Offline yuneeq

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Re: Areivim USA - Coronavirus
« Reply #1002 on: June 16, 2023, 04:21:02 PM »
Pretty common for people to still have unmarried kids into their 50s

In other words, it’s pretty common for them to have married off many/most of their kids into their 50’s.
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Offline Euclid

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Re: Areivim USA - Coronavirus
« Reply #1003 on: June 16, 2023, 04:40:35 PM »
In other words, it’s pretty common for them to have married off many/most of their kids into their 50’s.
What's the difference between a 32 year old with 4 single kids and a 52 year old with 4 single kids?

Offline yuneeq

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Re: Areivim USA - Coronavirus
« Reply #1004 on: June 16, 2023, 04:42:56 PM »
I and others already had this debate upthread several times. Check it out. Chiefly, I think that they’re too close to the edge at their current collection date and the selection only grows more adverse with time.

 (There is a reason they’re constantly looking to sign up new young couples, and I highly doubt too large a percentage of people who had been signed up earlier have already become ineligible.)

If they’ve been around at least 17 years I’d expect there to be many ineligibles by now, in addition to the natural attrition they’ve always had.
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Offline yuneeq

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Re: Areivim USA - Coronavirus
« Reply #1005 on: June 16, 2023, 05:07:11 PM »
What's the difference between a 32 year old with 4 single kids and a 52 year old with 4 single kids?

32 year old will usually have more unmarried kids, and will usually increase in the next 10 years, while a 52 year old will decrease. 52 year olds are quite easily more beneficial to Arevim.
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Offline Euclid

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Re: Areivim USA - Coronavirus
« Reply #1006 on: June 16, 2023, 05:19:24 PM »
32 year old will usually have more unmarried kids, and will usually increase in the next 10 years, while a 52 year old will decrease. 52 year olds are quite easily more beneficial to Arevim.
But 52 year olds are way more likely to die than 32 year olds

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Re: Areivim USA - Coronavirus
« Reply #1007 on: June 16, 2023, 08:13:29 PM »
Why is the comparison a 32 y/o with 4 kids? Many have more than 4 at 32, and the biggest liability is the 40 y/o with 11 kids.
To see if it's viable, you need to take a hypothetical group that doesn't change, will it work from 20 all the way to 60. If the answer is yes, it's not like a Ponzi scene and it is entirely sustainable. If not, they will always need a bigger pool of members.
I wonder what people who type "u" instead of "you" do with all their free time.

Offline Baruch

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Re: Areivim USA - Coronavirus
« Reply #1008 on: June 17, 2023, 11:39:21 PM »
They survived a pandemic, just saying...

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Re: Areivim USA - Coronavirus
« Reply #1009 on: June 18, 2023, 09:26:03 AM »
Possible solution.. only cover kids up till certain age (20-25). If they want to be covered afterwards, they'd need to start their own membership then (that would bring in many new members, and have a nice sized pool of members who are paying to the fund w/o potential liability)

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Re: Areivim USA - Coronavirus
« Reply #1010 on: June 18, 2023, 11:19:39 AM »
They survived a pandemic, just saying...

That mortally affected a different demographic than their standard membership. They also raised their monthly maximum which means they “didn’t survive” at the old maximum.
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Re: Areivim USA - Coronavirus
« Reply #1011 on: June 18, 2023, 01:04:11 PM »
That mortally affected a different demographic than their standard membership. They also raised their monthly maximum which means they “didn’t survive” at the old maximum.
They raised their monthly maximum at the same rate they increased the payout. That in no way means their model was failing. They expanded to catch up with inflation.
I wonder what people who type "u" instead of "you" do with all their free time.

Offline AsherO

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Re: Areivim USA - Coronavirus
« Reply #1012 on: June 18, 2023, 01:35:45 PM »
They raised their monthly maximum at the same rate they increased the payout. That in no way means their model was failing. They expanded to catch up with inflation.

Fair enough. My other point still stands.
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Re: Areivim USA - Coronavirus
« Reply #1013 on: June 18, 2023, 01:51:41 PM »
They raised their monthly maximum at the same rate they increased the payout. That in no way means their model was failing. They expanded to catch up with inflation.
However in regards to the pandemic, they did need to mandate an extra couple hundred dollars from each member to pull through..

Offline S209

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Re: Areivim USA - Coronavirus
« Reply #1014 on: June 18, 2023, 03:40:45 PM »
They survived a pandemic, just saying...
No they didn’t, they raised a special collection of a few hundred dollars over and above the regular (maxed out) monthly contributions (which they’ve since raised). Not to mention this particular pandemic primarily affected the elderly.
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Re: Areivim USA - Coronavirus
« Reply #1015 on: June 18, 2023, 03:42:08 PM »
They raised their monthly maximum at the same rate they increased the payout. That in no way means their model was failing. They expanded to catch up with inflation.
By the way it’s a little crazy how they went from $28 to $42 overnight, it would have been a lot more normal to do it incrementally over time.
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Re: Areivim USA - Coronavirus
« Reply #1016 on: June 18, 2023, 03:51:17 PM »
Why is the comparison a 32 y/o with 4 kids? Many have more than 4 at 32, and the biggest liability is the 40 y/o with 11 kids.
To see if it's viable, you need to take a hypothetical group that doesn't change, will it work from 20 all the way to 60. If the answer is yes, it's not like a Ponzi scene and it is entirely sustainable. If not, they will always need a bigger pool of members.

This is the big question. Do they need a steady influx of younger members or not?
Feelings don't care about your facts

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Re: Areivim USA - Coronavirus
« Reply #1017 on: June 18, 2023, 07:48:04 PM »
By the way it’s a little crazy how they went from $28 to $42 overnight, it would have been a lot more normal to do it incrementally over time.

crazy circumstances but most people understood and had no issue with the increase plus they did give you a option to pay over time in payments

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Re: Areivim USA - Coronavirus
« Reply #1018 on: June 18, 2023, 07:57:31 PM »
They raised their monthly maximum at the same rate they increased the payout. That in no way means their model was failing. They expanded to catch up with inflation.

But:

However in regards to the pandemic, they did need to mandate an extra couple hundred dollars from each member to pull through..

I thought I remembered something like that.
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Re: Areivim USA - Coronavirus
« Reply #1019 on: June 18, 2023, 08:02:21 PM »
But:

I thought I remembered something like that.

crazy circumstances but most people understood and had no issue with the increase plus they did give you a option to pay over time in payments