In general subscription based products are licensed for the life of the subscription. Therefore if your AP license is not renewed then all software licensed under it also is not renewed. You should read the licensing agreement that you agreed to when starting the subscription. It will mention if licenses are perpetual. They rarely are.
Note that this is a mute point anyway because MS has deprecated the program and AP won't be available after Jan of 2025. You will need to look at another Partner subscription in order to continue to get software and support.