Just install and use it. Membership WordPress plugin will create all necessary pages, email template and settings on the plugin installation.
WP Membership WordPress Plugin Features Responsive & Ajax Translatable Mailchimp to store Email for new registrants Membership Type 7 Pricing Tables 2 Signup styles My account 5 User Public Profile Payment History Report 2 type of User Directories Content Protection Setting WP User Setting Module for Admin Subscription Reminder Email Module