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What happens if a prepaid phone is bought while on the postpaid plan?
What do you mean? Buying a prepaid phone doesn't affect a contract line. I believe you must have a prepaid phone on prepay service for 6 months before bringing it to postpay.
Well that depends if it's a 3G or 4G phone. If it's a 3G phone, then 6 months of waiting is needed, but if it's a 4G phone, then no waiting is needed.
That is for unlocking. Device Unlocking Policy | Verizon Wireless
I have been told that a prepaid device must be on active prepay service for 6 months before using on postpaid.