All,
After putting off the update as long as possible I took the plunge yesterday and installed Lollipop myself before my phone tried to auto-install on it's own. I've done my research like everybody else and luckily it paid off with a flawless upgrade from KitKat to Lollipop on my stock Verizon LG G3.
All the credit goes to Snn5 , their method stated worked perfect if followed correctly without deviation and I'll post the original text below.
"Plug into charger for the entire process
Charge to 100% and back up and factory reset the phone
(DISABLE google backup and restore of apps and app data)
Install update
Factory reset one more time
Unplug from charger
Set up your phone
Leave phone on until it dies and turns off 1 time
Leave off and recharge to 100%
This is my usual process and I have had no issues.
The reasons for disabling app data is due to the fact that DAVLIK is now ART and the Android Optimization process might not go as planned if you just slap the new OS over the old OS. Also, when you go back to the Play Store to download apps, they will be the correct version this time for this OS. Also, if contacts will not sync correctly, check your ICE contacts (might have to delete those)...sometimes they prevent a proper sync."
I know it seems to be a lot of hassle to backup the data and loose any game progress but a fully functioning phone is more than worth it. Again a huge shout out to Snn5 for helping me not brick/ruin my phone!
Good luck!