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We use Verizon's "Home Phone" device (which is what you are describing), which is $20/mn (taxes and fees run another $6/mn), and I got an AT&T cordless phone with 2 handsets (one time cost of $60). Works really well. Unlimited US calling.

Just make sure the device has good cell contact. I put the device next to a window that has line-of-sight to the tower, and we get excellent service. I'm not a huge Verizon fan, but this is a good deal. You can't get/send texts. Caller ID is extra (we didn't sign up for that; the number comes thru, tho). The device is small, and most people think it is some kind of security device if they look in the window.

Yes, that is exactly the service I am describing. I have a cell phone, which doesn’t have Verizon cell service (too expensive), and I am able to speak on it with absolutely no dead spots in my home. It does use Verizon cell towers, so I think that means that this little doohickey plugged into my Panasonic cordless phone would work perfectly well. I don’t know where my nearest Verizon cell tower is, but I just did a search for Verizon cell tower coverage and it seems pretty well saturated where I live.