Hi Reagan,
This solution will change the password parameter to unlimited which may make the customer's security policy disabled!
Better solution is to use SAPUPROF for schema owners where you can make these parameters unlimited. For all other uses they can use DEFAULT profile with password parameters limited so that exemption can be taken only for schema owners without changing their security policy (if any). In fact SAP delivers SAPUPROF profile for this purpose only (To maximize the system availability without touching the standard password policy).
Regards,
Nick Loy