When an agent is replacing an existing ordinary life insurance policy, the agent must take all of the following actions except?

When replacing an existing ordinary life insurance policy, the agent must provide a comparison chart showing the old and new policies, disclose potential tax consequences, and submit a written notice to the existing insurer. However, obtaining the beneficiary's signature is not required in this process. This is because the replacement of an ordinary life insurance policy does not affect the beneficiary's rights or interests; it only affects the owner of the policy. Therefore, the beneficiary's signature is not necessary for the replacement.