How do I turn off insertion point animation in Microsoft Office 2016?

From the question How to disable keyboard shortcut animation in Office 2013? I found a setting which you can set to turn off various animations in all applications, including the insertion point animation.

  1. Go to Windows Control Panel > Performance Information and Tools > Adjust Visual Effects
  2. Uncheck the first option, Animate controls and elements inside windows. Windows 10 "Performance Options" dialog