IYO will this work - Verizon iPhone Upgrade Outright Workaround?

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MacBook - OS X Lion 10.7 - 2.2 GHz Intel Core 2 Duo - 4GB RAM - Bootcamp - Windows 7
Most of us know the whole spiel regarding iPhone 5 and Verizon's policy change removing unlimited data when you upgrade for retail price ($199-$399). I was thinking, and I'd like your opinions. Would this work:

My dad is eligible for an upgrade, so I was thinking I would use his upgrade for the iPhone 5 64GB, transfer my number to that phone and transfer his number back to his original phone. This way (I hope) I can get the 64GB for $399 and still keep my unlimited data. No way I want to buy the iPhone outright from anywhere..have you seen the prices?!
 

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