A premium notice is a billing communication sent by an insurance carrier to inform a policyowner that a life insurance or annuity premium is coming due or is past due. The notice typically lists the amount owed, due date, policy number, payment instructions, and any applicable grace period information. For policies with flexible premium structures, notices may also show suggested or minimum payments needed to keep coverage in force. Premium notices serve both a practical billing function and a regulatory purpose, documenting that policyowners were informed about amounts due before a lapse or nonforfeiture action occurs. They may be delivered by mail, email, online portals, or a combination of channels.

In everyday servicing, clients often contact advisors after receiving a premium notice to confirm whether the amount and due date align with their expectations. Advisors may review notices during policy reviews to verify billing modes, update addresses, or recommend automatic bank drafts to reduce missed payments. Agencies monitor reports of unpaid premium notices and grace period entries so they can proactively reach out before lapse. For business-owned and trust-owned policies, premium notices are frequently routed to multiple parties-owners, trustees, and advisors-to ensure proper approval and funding. Clear handling of premium notices reduces administrative errors and supports strong persistence across a book of business.