Pension or Annuity Payment
To secure an income stream (maybe for a dependant) either for life, a predetermined period or on a given event (retirement or death perhaps), consider one of the following products:
The Annuity Plan where income payments can be secured for life, a pre-determined period, on reaching retirement or on death.
Living Annuity Plan where investment and longevity risk are retained but require professional assistance in managing the risks.