4 Individual account to one Family

Hi there, 3 of my family members have individual accounts for years, my self as well. What I want to do now is upgrade my account to Family and invite all 3 of them to join. My question is this, what happens to their subscription plans, saved passwords and Master passwords? Will their subscription be automatically canceled once they join the family account? Will their private Vaults and Master Passwords be intact?
Thank you in advance,

1Password Version: 7
Extension Version: Not Provided
OS Version: Mac & Pc


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