If you spend a lot of money and you're left penniless and your children look the other way, you have to turn up at the Meet-the-People Session and then we will tell you: 'But you are asked to buy a longevity insurance and you turned it down.'

So they'll give you food stamps. They won't keep you to the standard of living you've been accustomed to.

The Government will not allow anybody to die of starvation. But we are not going to cover you for your indiscretions. Singapore has made it because we have assumed individual responsibility for our lives.'

MM LEE, who last night urged Singaporeans to assume individual and family responsibility for each other. Longevity insurance is a compulsory annuity scheme being considered to provide elderly Singaporeans with a regular income for as long as they live