A:AnswerFrom Adobe’s web site:
“ The license enables you to use Photoshop Elements & Premiere Elements for a full 3-year term. It’s a one-time purchase with no additional fees. The license is non-renewing — it expires 3 years after redemption. When your 3-year term license expires, Photoshop Elements & Premiere Elements will no longer be accessible. However, you’ll still be able to access your media catalog in the Elements Organizer indefinitely.”
