Your license comes with a year’s worth of updates. Once that year is up, you can keep using your version of Visual Composer for as long as you want, without Visual Composer Hub access.
Visual Composer will continue working on your website even after your license expires. An active license ensures uninterrupted access to plugin updates, content elements updates, templates updates as long as access to Visual Composer Hub, and our support.
Make sure to renew your license before it expires.
Note: Right now there are no discounts provided for renewals.