They can and should replace it with a fixed price term or whole of life plan.Hopefully, they are in good health, so switching will be easy.Ask them to check if there is a cash value on their plan; if they cancel the policy, they can get their hands on the cash value.Unfortunately, if there is no cash value on the policy, they are in for a huge jump in premiums the next time the insurer reviews their policy.Get in touch if you need some help.