What's the LTE on like the Iphone 5?

I was thinking of buying one in verizon wireless with the 2 year contract. What I don't get is that you keep the phone once the contract is over or what happens? Also about how much would I pay per month? Here's a link http://www.verizonwireless.com/...0032317679. And what's LTE? Does it give you internet wherever you go or what because I don't get it.

Yes, you keep the phone. They're basically just saying that you are forced to pay monthly for 2 years and can't switch carriers for that period of time (without a fee)

A typical smartphone plan for one person on Verizon runs around $80-$120, depending on how many features you want (Like, Data limit, Text messages, Minutes, etc)

LTE is just a faster version of mobile data (4G). Internet everywhere you go, yes, but it's not always LTE. LTE is in certain areas (mainly large populated areas) and gives you faster speeds. It's not unlimited though, you can only use so much data.

4G LTE is the newest and fastest mobile network. It is super fast. I have the 5 for Sprint and it blazing if you have LTE in your area.