NIU Acturial Club

It's Favorite Formula Friday!

This week in my life contingencies class, we are diving into Woolhouse's approximation for life annuities!

When approximately converting between annual life annuities and m-thly life annuities, the two-term Woolhouse formula is a great shortcut. The trick I use to remember it: the correction term (m−1)/2m always "penalizes" for the extra payment frequency. For the temporary version, you just scale that penalty by how much of the annuity does NOT get deferred away by mortality and discounting over the policy period (i.e., multiply by 1 − n_E_x).

We wrapped up an awesome CA Trivia Night last week! From actuarial history to probability theory, our members put their knowledge to the test and had a great time doing it.

Congratulations to Austin for taking home the win! 🏆

Thank you to for the resources and trivia content. If you're studying for actuarial exams, be sure to check out what CA has to offer.

We wrapped up an awesome Coaching Actuaries Trivia Night last week! From actuarial history to probability theory, our members put their knowledge to the test and had a great time doing it.

Congratulations to Austin for taking home the win! 🏆

Thank you to for the resources and trivia content. If you're studying for actuarial exams, be sure to check out what CA has to offer.

This semester as a Coaching Actuaries Ambassador for the NIU Statistics and Actuary Club pushed me to grow in all the right ways. In addition to sharing a resource I believe in, representing CA meant meant practicing public speaking through presentations, learning how to clearly communicate exam support options, and building stronger connections within our club. I had more intentional conversations with members about their exam goals and how to use CA effectively, and it was rewarding to help guide people toward tools that can make a real difference. Overall, this role helped me develop as a communicator, organizer, and leader, and I’m excited to keep that momentum going into next semester.

- Steve Dziamentsyeu, Club President & CA Ambassador

This month, our club members had the opportunity to learn more about how supports students in their exam journey. At the meeting, we covered information about the actuarial exam path, explained how students can beat utilize Coaching Actuaries, and handed out some Coaching Actuaries goodies! Congrats to John on winning the 45-day Learn Complete + Practice Course! 🎉

Meet your Fall 2025 Stats and Actuary Club executive board!
Steve D (President, CA Ambassador)
Mike E (Vice President)
Alex M (Secretary)
Jon M (Treasurer)

We are excited to bring you all more social and professional events! Look forward to our Coaching Actuaries Orientation on October 7th, and our Allstate Career Presentation on November 4th! Join the club discord for more details: https://discord.gg/rCfgtDM4sk

It's Spotlight Time, featuring our VP, Steve D.!

From mastering exams to mentoring others, Steve brings excellence and energy to everything he does. We’re so proud of his accomplishments and grateful for the leadership he brings to our club!
Special thanks to for playing a key role in Steve’s journey—your resources helped turn hard work into success!

We have a winner! This week, our club hosted a detailed virtual presentation on Coaching Actuaries and how it equips students for the actuarial career path.

We also raffled off a 45-day Coaching Actuaries study package, and our lucky winner was Alex Maheo! Congratulations, Alex!

A huge thank you to for supporting our club in making this event a success!

Thanks to all that attended our Casino Night Event last Friday! We hope that you enjoyed it as much as we did!

Thank you to all that attended our Guest Speaker event, featuring Alec Karal and Tyler Hendry from Zurich North America! This was truly an unforgettable experience, and we hope you learned a lot more about ZNA and the actuarial science field! Stay tuned for more exciting events that we'll host in the future!