I remember purchasing the latest version of 1Password every other year for around $40. And if I didn't need the latest features, I would postpone the purchase. Everything continued to keep working if I didn't get the latest version.
Nowadays it's $2.99 a month. If you cancel or miss a payment they lock you out of all your passwords at the end of the current billing period.
Heya! 1Password employee here. We have never locked anyone out of their 1Password Account for missing a payment, and we never will.
Whenever your subscription lapses your 1Password account will instead go into a "frozen" state. While your account is frozen, you can still view, use, and even export all your items, copy your passwords, and even copy items to vaults outside your account.
The only things you won't be able to do while an account is frozen is add new items to vaults, edit existing items, invite people to your family or team, or autofill items in your browser.
Nowadays it's $2.99 a month. If you cancel or miss a payment they lock you out of all your passwords at the end of the current billing period.