When you purchase a New York Life MyIncome Protector policy, you pay premiums in exchange for income protection in the event of a qualifying disability. After paying claims and expenses, we will then determine the amount of remaining divisible surplus to distribute to our policy owners. This is the dividend.
My Income Protector policyholders are eligible to receive dividends. Dividends will become payable at the end of the fifth policy year during the non-cancellable period, up to age 67.  Dividends are not guaranteed.