Although some people prefer the flexibility of a “prepaid” service over a traditional, two-year contract, there are certain advantages to having a contract-based service. Not only can you receive more discounts for advanced smartphones with a long-term contract, your rates are also locked in when you sign up, which means the amount you pay does not fluctuate as it does with the Verizon prepaid service. If you want to make the switch from prepaid to contract, but don’t want the hassle of notifying your friends and family about a phone number change, Verizon allows you to keep your current phone number. Writer Bio