Finance committee  It doesn't act that way at all. There's no moral hazard with this plan. When a Canadian citizen between the ages of 24 and 27 sits down with their insurance representative of choice or perhaps walks into an office to talk about this idea, basically what's happening is they're going to sign off.

Finance committee  I'm in the life insurance industry right now, Mr. Turner. I'm a licensed—

Finance committee  I'll explain to you how it's working, and I understand what you're trying to do to give this thing some credibility. Since this is such a large task, essentially what I'm trying to do is sell life insurance to first world nations. What I have to do first is think creatively of a way to sell first world nations life insurance.

Finance committee  Yes, sir.

Finance committee  Yes. As far as the insurance industry is concerned...before I got it to the level of trying to make it work for the federal government, I had some interesting conversations in legal offices in Toronto on the insurance side to make sure that insurable interest is present within the model, as it now exists.

Finance committee  Thank you. Mr. Chairman and committee members, I am very pleased to have the opportunity to share with you my ideas on how the government can most effectively help young Canadians as they face the challenge of paying for their post-secondary education. The rising cost of such education is a given in our society, and too many bright young Canadians with limited financial resources are either increasingly deterred from embarking on university or college studies in the first place or, having graduated, find themselves weighed down by the large student loans they are having to repay.