I was finally able to fix the problem. I changed the security setting on the Fios Router/Modem from WPA2 to WPA.
For anyone that may encounter the same problem, the following are the list of steps i performed to resolve the issue;
1.Connect Ethernet cable from Router/Modem to laptop
2.Access Fios Router setting by entering http://192.168.1.1/ in the address bar
3.Hit Enter
4.On Verizon Login enter Username: & password: (usually found on the bottom of the fios router/modem)
5.Select Wireless Setting (Top Bar)
6.On Advance Security Setting Select WPA (not WPA2)
7.Hit “Apply”
8.Go to your laptop right click on wifi (computer) icon on taskbar
10.Select “View Available Networks”
11.Double click on the Fios network
12.Once you get the pop up enter the security network key (found on the bottom of Fios Router/Modem)
13.Enter the security network key again
14.Hit "Enter"
15.Once the connection is established, you should now be able to access the internet via wifi
I hope this helps. It was a headache to figure out what was the problem initially.