"Do not update contacts to reflect option changes" feature gone?

When I change the choices in dropdown select or multiple checkbox properties, I usually don't want to delete this value from all records (companies, conacts, deals) that currently have it selected.

For example, when we discontinue a product, I want to take it away from the choices in our "has product" property so that it can't be selected in the future. However, I do not want to lose all the history about who has actually bought this product!

Previously, it was possible in Hubspot to chose whether to "Update contacts (companies or deals) to reflect option changes" or NOT. After the update 
in the property management area, this choice is gone. That's definitely a step back!

Please bring back this feature!

HubSpot updates