All Teramind offerings (Teramind Starter, Teramind UAM, and Teramind DLP) are available as monthly and yearly plans.
Discount:
If you choose to pay for your subscription annually, you will get 1 month of free subscription (equal to around 8% discount) compared to a monthly subscription. The price is paid upfront.
Cancellation:
If you sign up for the monthly plan, you can cancel anytime and the cancelation takes effect at the end of the current billing period. Yearly plans are fixed for the year and paid upfront. Yearly plans can be canceled but you will not receive any refund.