Well, no. It's a cellular plan using the Verizon network infrastructure and uses your phone as a wireless hotspot.
For the OP:
You may experience data throttling during peak hours:
View attachment 7664820 Other providers' terms that I have seen state that if you use over a certain amount of data (either daily or monthly), then you may experience slower speeds during peak usage times or after you've exceeded the (monthly) limit. I didn't find that on the Visible site so don't know how they are assessing usage.
And your hotspot is capped no matter what your network up/down limits are:
View attachment 7664821 5Mbps down isn't a lot and may or may not even get you 1080 (or higher) streaming.
I'd say that this is more of a phone plan than a home internet plan.