What is meant by notice of premium in life insurance policy?

A notice of premium for life insurance is usually a reminder that you owe premium on your life insurance policy.

You may have forgotten to pay your premium, or be late in paying your life insurance premium and the insurance company sends out a reminder to let you know you owe money due on your life insurance policy.

In addiition, after a certain period of time without paying your premium, the life insurance company will send out a notice of lapse of coverage, meaning your life insurance coverage is no longer in force until you pay your past due premiums.

Here's how you can learn more about life insurance and review other life insurance terms.