One you have bought a windows licence key as long as you don`t loose it.
You can activate the windows 10 version of the os 32bit or 64 bit from the home edition to the pro edition.
And use it for a life time if you wish to activate windows 10.
It does not expire as long as it is a valid licence key for the Os.
And you can install or wipe the working os to install a fresh setup if you ever change or upgrade the parts of your pc system such as buying a new motherboard and a cpu at a later date Jamspls.