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Is update account reactivation email a scam?

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Hi all,

I just received the following message to my Hotmail email account:

Security info update (larger font blue colored)

Your Mailbox will expire on July 20th, 2018 (July 20th, 2018 is colored red and is a link to something else, I have not clicked it)

This is to notify you that we are currently updating the windows services agreement and privacy statement. Please keep your security information updated.

Do not ignore!

UPGRADE NOW (white fond in blue box underlined, following to some link, I have not clicked it)

NOTE: YOUR EMAIL ADDRESS WILL BE DISABLED IF NOT UPDATED. (UPDATE IS FREE) (red colored)

Thank you for using our services.

It seems to me like a scam. However, the address has a @hotmail.com extension. Please let me know if it so.

Thank you in advance for your help.



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