I would be against that. I have a lifetime license so that I don't have to worry about it. It never expires and I never have to renew it. It cost a little more but will save $ in the long run.
Now, if you put that on my drivers license, it's one more thing that the incompetent people at the bmv can screw up on and forget. They will most likely charge more for adding that to the license and once again I have to worry about an expiration date for my permit. Now if my license expires and I have overlooked it, most likely I get by with going to get it renewed right away, but since I am carrying, they could try to take it because my license has expired.
There is so much junk to carry around in my wallet anyway that I would rather have that pink paper that never expires then have to worry about the date.. No thanks, don't mess with a good thing.