Nope, that would be too easy :)
When the trial is over, the trial of McAfee will start bugging you and asking you to purchase the subscription. You'll want to go into Control Panel and uninstall the Trial McAfee Lifesafe.
It's actually very bad to have more than one antivirus installed at once, they can conflict and cause big security holes, and even if not, they slow down the computer significantly because everything is trying to scan every file that gets used. So they compete against each other and lock files for scanning and it just cascades until your computer is very slow.
My personal recommendation is to avoid McAfee and just use the Windows 8 built-in antivirus (Defender). Windows 8 is the first one that has this, and it's quite good (same protection used by giant businesses like Dell and Microsoft). Plus, you never have to pay for Defender, because it's built in.
Of course, if you prefer McAfee, there's no reason NOT to use it. You can certainly keep using it as long as you want (Defender will politely turn itself off when it sees that you have another antivirus installed).
So long story short: if you want to use McAfee, just be sure to uninstall the Live Safe one and install the proper MSN one when your trial is over.