reply to Morac
Re: What happens to those under contract? I just called to upgrade my service from the 25/25 to the 50/25. I asked the rep if the 50/25 was an automatic upgrade for the people already using the 25/25 service. The Verizon rep told me that you will not be upgraded unless you call and ask them. So I'd assume you will continue with your contract price and package until you decide to change it.
Changing it required me to renew my contract which wasn't an issue as I just renewed it the other month when I dropped my bundle package.