What is momentum customer service? The Customer Service Phone Number of Momentum is: +27-12-671-911. Momentum is a provider of financial services, based in South Africa.What is cheap life insurance? Term typically offers the cheapest life insurance available because it is a temporary coverage that will expire in a predetermined time period, although cheap whole life insurance policies exist. Since term is usually the cheapest life insurance type, there is usually no savings benefit or cash value included.What does life insurance cover? Term life insurance generally covers a temporary economic liability for the beneficiaries of the insured. It is highly recommended that you purchase a term life insurance policy that includes the right to convert the policy to a permanent life insurance policy in case the temporary liability becomes permanent.Is term life insurance permanent life insurance? Term life insurance policies are temporary, but you can convert to a permanent life policy if you have a "convertible" term life policy. Though most term life plans are convertible, many policyholders don't take advantage of it. Instead, they let the term life policy lapse and then buy a new term life policy or go without coverage.