To that last point: Though this is listed as a "lifetime license" - that is, the lifetime of the computer you installed it on - it's worth noting there's always a risk that Microsoft could terminate the license. And while the apps should continue to work as long as your computer does, Microsoft's support for this version of Office ends on Oct. You won't get any OneDrive Cloud Storage, nor will you get the fancy new cloud-based AI features like Microsoft Copilot.
Likewise, you're passing up on other benefits you'd get as a 365 subscriber. First, this key is good only for a single computer, so you won't be able to install it on various machines in your home, and if your current computer happens to die, you could run into a snag when trying to transfer it.
Now, a deal this good comes with some caveats.
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