A contract purchased from insurance company at retirement to provide continual income over a spell of time?
That is call an immediate annuity plan. You pass them an initial investment, then they repay it back next to interest for a specified period of time (also set as a period certain) or for the lifetime of the insured.
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If the income is going to start without beating about the bush, you would purchase a SPIA (Single Premium Immediate Anniuty), then a payout resort has to be chosen.
Do NOT clutch the life income singular. If the annuitant dies, even one month later, the insurance company's must is over. Take, instead, a life and 10-year, 15 year, or 20-year unmistaken. This option obligate the insurance company to pay the annuitant for time, or the beneficiary for a minimum of 10, 15, or 20 years, if the annuitant dies prior to the length of time chosen.
If the annuitant lives to the time chosen, and consequently dies, the insurance company's obligation is over.
Answers: How about instantaneous annuity? The most common anyone a single premium immediate annuity (SPIA).
Annuity? But you don't have to do it "at retirement".