Hosting for life could be a good sales tool as long as it has some constraints and the so-called "lifetime" is very clearly spelled out. I do think there should be some sort of a written document signed by a principal with some guarantees and not just a post in a forum or on a web site saying how the company will be in business for generations and the service will never change, etc, etc...
Some considerations for any Hosting for Life plans;
1) What if a malicious user spams my website URL and I get reported for SPAM (even though I didn't generate the emails) and my account gets suspended? Do I lose all my money? If I had a normal plan I would only lose a few dollars for a month's fee, would I really lose the entire amount I paid?
2) What if I violate the Terms of Service (knowingly or unknowingly) do I lose everything? Or will I get some funds refunded? If I get a refund how much will it be and how will it be pro-rated?
2) What guarantees do I have I will get at least 20 years of acceptable service? Guarantees meaning some form of legally enforceable guarantee.
3) What if the service fails? Web hosts fail all the time, in fact at last look there were a few thousand hosting domain names pending deletion.
4) What happens if I need to upgrade? Is there a legal agreement that I would have with guarantees that I can upgrade for life at a fixed price? If not, am I going to get fleeced with upgrade charges?
Here was a recent thread on
Lifetime Hosting, there were quite a few decent perspectives posted.
Here is also a recent thread about
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I didn't see any of the above questions answered at the URL posted by the thread starter, in fact the descriptions on that site were very vague and ambiguous concerning Lifetime hosting. Just as a side note, any further detailed explanations in this thread or any other forum afford no legal protection whatsoever in the event of a problem down the road.