For me it depends on the state and what it includes. If I can get all my tags every year I will buy one...I have WV and NC, got both as a R before I moved. I dont have one here in SC because last time I checked it didn't include big game, deer and turkey, or salt water. Just small game and freshwater fishing...what's the point of getting a lifetime license if I still have to go in every year and buy big game license. So I do the 3 yr combo license here in SC, they include big game.
Another word of warning like most laws it can be changed with the stroke of a pen...when I got my NC lifetime license you didn't need a saltwater recreation fishing license, wasnt required didnt exist...about 7 or so yrs after my purchase they implemented a saltwater license and did not make retro active...so now I have to buy a 10 day NR saltwater fishing license everytime I fish the NC coast, but I still get a bear tag every year so it works out.