sigh. Verizon hasn't had phone contracts since Jan 2017. That's 26 months ago. Even then you only had them if you got a discoutned phone. Verizon has never required a contract just for service.
I too would want to know all the details about a 55+ Unlimited Plan, Hueybt. I am happy to help clarify. There is no contractual obligation for moving to the 55+ Unlimited Plan, however, it is only available in certain areas. You can learn more about this plan here: http://spr.ly/6601EbG3V
Does this help answer your question?