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Dec 2, 2015 11:06 AM in response to alicelfby Phil0124,You pay for it for as long as you want the 50GB. Its a service, that must be paid for, as long as you want to use it.
Once you stop paying your Storage will return to 5GB. You have a tolerance period to renew, but if you don't your data exceeding the default 5GB will be deleted.
iCloud storage upgrades and downgrades - Apple Support
http://www.apple.com/legal/internet-services/icloud/en/terms.html