The reason being is you can decide how long to keep older copies of files, just in case something changes on a file, but you don't happen to realize the incorrect update for a couple of months and want to go back to an earlier version.
To give you an idea of what is possible, here is the snapshot configuration I use: Keep no snapshots older than 450 days Keep 1 snapshot every 90 day(s) if older than 180 day(s) Keep 1 snapshot every 30 day(s) if older than 30 day(s) Keep 1 snapshot every 1 day(s) if older than 1 day(s)