Can I Use Reduced Paid Up On Four Of My Policies To Use The New Found Money As Payment For My Daughter's Finale Expense Policy? 
Taking a reduced paid up policy , or four reduced paid-up policies will lower the death benefit available and eliminate future premium requirements . If that is what you are hoping to achieve , that would be a way to do it . If you do that you could use the money you were already spending and fund a life policy for your daughter . 