Lyric discussion by tommyjazz 

Cover art for Death Letter lyrics by White Stripes, The

i'd say that this song is mostly about not understanding until it's too late, backed up by the line "I didn't know I loved her Until they began to let her down". This could even be recounting a dream, the way the death, and the journey to see her and the funeral all pass by so fast, and then the final verse actually says that she used to be in the same bed as him, indicating that she may have left him or something previously, but he had a dream she'd died and woke up at the "break of day", probably in quite a state and realised that although they may have left each other, he now realises that he does still love her deep down but it's too late.