The light is a reminder, not a "Doomsday" type of device where it will prevent your car from ever operating again unless you fulfill the "obligations" shown in the display.
But what could happen is if you don't service the oil - the engine can fail.
It will start out gradually like smoke billowing out the tailpipe and even a loud knocking noise...
You get the idea...
What you should look at is the "type of service" the car provided during this time...
Meaning
Short trips
Long idling times...
Pulled the Ski-doo's to and from shore-docks...
Hauled the kids to school...soccer...hospital...home...and rinsed and repeat...
Sat in a covered garage covered with a tarp...and squirrels are now using it for a nest...
Left out in the Rain and Hail parked on a side street in Newark New Jersey, where even when it's been ticketed so many times so you can't even see thru the windshield....
IF nothing excessive, then you can defer it for 6 months (3mo x 2 service intervals) - as long as you used a good quality fuel and have done the same for the oil