With version 12, you can have the program activated on two computers at any given time. There's no time limit. You own the license forever.
You can install it on pretty much as many computers as you'd like. Logging in to the program activates it; logging out of the program de-activates it.
So you can have the program on, for instance, three or even more computers, as long as it's only activated on two at a time. Make sense?
Yes, that makes sense! Thank you for your help. And to clarify, over time I can continue to download PE12 from the Adobe website to other newly purchased replacement computers? With each new installation will there be a different unlock key (activation code)?
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I would recommend you download a copy of the installation file and keep it on a DVD for your future reference.
There is no guarantee that version 12 will be available forever from Adobe.
Luckily I did copy both Premiers Elements and Photoshop installation files to a DVD. But until your reply, I didn't really know if they could be reused. So THIS IS GOOD NEWS AND VERY HELPFUL. Thank you for taking the time to help me. VaTeton