Thursday we reviewed T-Mobile's unlimited plan for a family of four. Verizon wants you to think they are offering a similar plan by calling it the MORE Everything plan, but is it really unlimited?

The short answer is no, but there are some pretty good features with these plans from Verizon.

Let's look at a family of four each with an iPhone 6. Let's also say that this family is not tied to any contract and are new Verizon customers.

The family of four will be badgered into getting the EDGE plan. Don't be fooled by these discounts -- they are forcing you to rent a phone; it's actually worse than a car lease.

The average family, according to Verizon's website, uses 10 gigabytes (GB) between the four lines (2.5 GB each). This isn't very realistic. With moms, dads and kids all turning into heavy data users (also known as data hogs), 10 GB just isn't enough.

If the family wants to upgrade to the 20 GB plan to share among the four members they'll pay $40 for the unlimited minutes and text (per line) and then another $150 for the data (total). All calculated it is $310 for this family of four to share 20 GB of data and unlimited minutes and texts.

That doesn't seem like a very good deal for a cell plan. AT&T is offering a very similar program -- the AT&T Next plan. The reason why these leasing programs are no good for consumers is the fact that, after the two-year contract is up, you have to return the smartphone in working condition, leaving you with nothing except spent money.

What do you think of these plans? Are they worth it or too expensive?