Payment Time: When does the login stop working?

Latest version.

This is generic question about the subscription using Stripe.

If I provide an example like this, is the information provided here correct?
“You paid for your subscription on the 5th of January. Your next billing date is on the 5th of February. You cancel your subscription on the 25th of January. You can continue to read premium content until the 5th of February.”

Or does it work differently?