It's $200 it is a standard fee. Now there is also a way around this! And if you want let me call our Verizon Rep and confirm this. But one time I had a customer that had a cracked screen n their phone and a Verizon rep told them to just put on old phone on their line and then send that one back. I asked how this is possible and they told me you don't actually have to send the original phone that you got when you upgraded, you just have to send the one you have on the line when you do edge.
So if you have an old phone lying around ur house, then you can put it on your line and then upgrade and you will be required to send the old phone and keep the one you are gonna give your relative.