You will not get an answer here.
Verizon will only give you a canned reply and link you some ridiculous page.
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Update is rolling out through the LG and VZW update utility, built into the phone. Not OTA yet. Problem is, if you have the white model this won't work. IDK why, and it sounds dumb I know, but every successful update thus far is on a black model.
As soon as you plug in the phone, you will see the Verizon Assistant pop up(do not touch anything on the phone). You need to install that fist.
Then down on the lower right corner, you will see a small box about a software update. Once you click on update software, the Verizon Assistant will open up. It should then find your phone. Then click to download the update...just over 2GB. Depending on your internet connection, should be done in half hour or so. Mine took 45 minutes to download, 10 minutes to install.
Make sure you use a Windows machine. Can't be done on Mac.