is an inactive life insurance policy one that has been claimed and paid?

No, an inactive life insurance policy does not necessarily mean that the policy has been claimed and paid out. An inactive life insurance policy generally refers to a policy that is in force but is not currently being paid into or actively used. This could be because the policyholder has stopped paying the premiums, the policy has reached its maturity date, or the policyholder has chosen to no longer make changes to the policy or use its benefits. If a life insurance policy has been claimed and paid out, it is typically considered a "closed" policy or a "paid-up" policy, as the policy has fulfilled its obligations and is no longer in force. The beneficiary of the policy will receive the payout specified in the policy when the policyholder dies. It is important to note that if a policyholder stops paying the premiums on an inactive policy, the policy may eventually lapse, which means the policy will no longer be in force and the policyholder or their beneficiaries will not be able to receive any benefits from the policy. To determine the status of a life insurance policy, it is recommended to contact the insurance company directly and inquire about the policy's current status and any potential benefits that may be available.