All Teramind offerings (Teramind Starter, Teramind UAM, Teramind DLP) are available as monthly and yearly plans.
Discount:
If you choose to pay for your subscription annually, you will get 3 months free subscription (equal to around 25% discount). The price is paid upfront.
Cancellation:
If you sign up for the monthly plan, you can cancel anytime. Yearly plans are fixed for the year, paid upfront. Yearly plans can be canceled but you will not receive any refund.