How does the Indie Account Work?

When you buy the Indie account for $59 per year, all the games you will make in that year will get saved and when the year is gone they won’t get deleted? I will maybe buy the Indie account for 1 year but I need to know if I won’t need to pay the next year again to keep the games saved.

No games are deleted when you cancel your account, but you may not be able to add new objects to them if they are already at the limit.