Yes. Loophole still works. Have your wife get a new iPhone with her upgrade. Activate the phone on her line. Then have your wife get a 2nd new iPhone with your upgrade and activate that phone on her line. Then the first iPhone she bought will not be on any line. You can put it put on your line and keep your unlimited data.
The trick is: never upgrade the phone that has unlimited data.
Bumping for everyone that's asking the same question over and over again on how to do the Verizon Unlimited Loophole. Here's the other method.
1) My father-in-law and I both have upgrades available.
2) I'll be transferring MY upgrade to a father-in-law's dumb phone.
3) Ordering new iPhone 5s using that upgrade, adding 2gb data plan.
4) Once I get the phone in hand, WITHOUT ACTIVATING IT, call Verizon to activate the iPhone 5s to my unlimited plan, and reactivating the FIL's dumb phone which deletes the 2gb data plan.
5) FIL still has an upgrade available, so he can either get his own iphone or whatever other phone he wants.
This has worked for years for many members regardless of what any Verizon CSR tells you. If the CSR you speak to can't do it, hang up and try again until you get a CSR that knows how to do it.
Some members have figured out how to do it all online and its posted on a thread here, but I can't find that old thread to repeat instructions. JRunner01's post gives a nice summary of the online method of doing this. The pop-up window on the CSR's screens seems to be something new. If so, then we may all have to start doing the transfer upgrade trick online ourselves. Just remember, DOUBLE CHECK features removed to make sure the unlimited data is not being dropped.
Good Luck next week everyone!