Sorry for the complicated title - I wasn't sure how to phrase the question, and want others to be able to find this easily in the future.

I often want to convert the markup that is displayed due to tracked changes into hard-formatting. In particular, I'd like insertions to become underlined, and deletions to become struck-through. This is so that people who subsequently handle the document can mess with the document (including using track-changes, and accepting changes) without eliminating this markup/formatting.
Is there a straightforward way to do this? If not, is this doable using a macro?

Thanks in advance!
Paul