[g123g]

Maybe there is need for a startup that can pool the retirement money from retirees and assure them of a comfortable life style till the time they die. I think this will allow the retirees to enjoy their life much more rather than worrying about "what might happen...".

[JumpCrisscross]

You're thinking of an annuity [1], or more directly, government bonds.

[1] https://en.wikipedia.org/wiki/Annuity_(American)