Hi Biruk,
By default the Router is supposed to re-key Phase I every 86400 seconds (24 hours), but this does not mean that the PSK is going to change.
Please check this out:
lifetime (IKE policy)
Usage Guidelines
Use this command to specify how long an IKE SA exists before expiring.
When IKE begins negotiations, the first thing it does is agree upon the security parameters for its own session. The agreed-upon parameters are then referenced by an SA at each peer. The SA is retained by each peer until the SA's lifetime expires. Before an SA expires, it can be reused by subsequent IKE negotiations, which can save time when setting up new IPSec SAs. Before an SA expires, it can be reused by subsequent IKE negotiations, which can save time when setting up new IPSec SAs. New IPSec SAs are negotiated before current IPSec SAs expire.
So, to save setup time for IPSec, configure a longer IKE SA lifetime. However, shorter lifetimes limit the exposure to attackers of this SA. The longer an SA is used, the more encrypted traffic can be gathered by an attacker and possibly used in an attack.
Note that when your local peer initiates an IKE negotiation between itself and a remote peer, an IKE policy can be selected only if the lifetime of the remote peer's policy is shorter than or equal to the lifetime of the local peer's policy. Then, if the lifetimes are not equal, the shorter lifetime will be selected. To restate this behavior: If the two peer's policies' lifetimes are not the same, the initiating peer's lifetime must be longer and the responding peer's lifetime must be shorter, and the shorter lifetime will be used.
http://www.cisco.com/en/US/docs/ios-xml/ios/security/d1/sec-cr-k1.html#GUID-DF77C04E-484D-4A53-82EF-7909AED20CDA
Keep me posted.
Portu.
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