When suggesting replacement, which advice would NOT typically be given to a prospective insured?

The recommendation to convert Term insurance to Whole Life is a standard practice when considering insurance options and is generally seen as beneficial for the insured. This option typically allows the insured to maintain coverage for a longer period, turning temporary insurance (Term) into permanent coverage (Whole Life), which builds cash value over time.

When considering the other options, they advise actions that may not be in the best interests of the insured or that carry more risk. For instance, discontinuing premiums to invest in a new policy could leave the insured without coverage during a critical period. Similarly, taking Reduced Paid-Up insurance could limit future growth and benefits, as it typically provides reduced coverage without additional premiums. Borrowing all the cash value from a current policy to fund a new policy can create financial strain and eliminate potential benefits from the existing coverage.

Therefore, while converting Term insurance to Whole Life is a valid and often prudent piece of advice that could enhance the insured's policy portfolio, the other options may have significant downsides that could hinder financial security or coverage.