A:Answer The software is installed on your computer, so I see no reason to think you would have to replace it. I did not find anything in the package that indicated you need to renew. I realize Microsoft 365 is an annual license; Nero and Malwarebytes sell annual licenses, but all of these that I know of also sell permanent licenses. I purchased this with full expectation that I could use it for years. This was an upgrade for me, as my Photoshop 6.0 recently quit working due to a recent Windows 10 upgrade. I have used that for close to 20 years.