Can i use iphone 5 as an ipod? -Verizon- without contract?

The iphone got a bit too expensive to keep paying, so my dad cut off the service. (i'm totally fine with that) I was wondering if i could use it as an ipod touch?
i did some research and most say that you can. But i wasn't sure about the verizon iphone.
i know the phone needs the sim card in it in order for it to work completely.
So is it true? Can i use the iphone 5 without any plan as an ipod touch?

Yep, it'll still play your music, videos, apps and such. All the cell phone providers do is give you the minutes, texts, Data, etc.

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