Intermittent two phase flows are characterized by a succession of liquid slugs separated by bubbles of different sizes, with varying frequency. The prediction of this type of flow is very important, since it can be found in several industrial applications. In the present work, studies of intermittent flows in vertical pipes are performed, employing the Two Fluid Model along with the Finite Volume method. The one-dimensional Two Fluid Model requires the inclusion of several closure relations for both gas and liquid phases. These relations should realistically represent the physical phenomenon of interest, and the resulting equations should be well posed. In this work, two closure relations were considered: pressure jump due to the interface curvature and momentum flux distribution parameter. The inclusion of the pressure jump did not present a significant influence, whereas the momentum flux parameter of the liquid phase increased the region in which the system of equations is well posed. For the cases analyzed, the momentum flux parameter of the liquid phase affected the flow characteristics. The main statistical slug quantities, such as length and translational speed of the bubble and slug, were compared with experimental data available in the literature, showing good agreement.