I think ChickenNoodleSoup raises a good point saying that it may depend on culture/background. I for one would find a lot of what you have written about uncomfortable and unhelpful. I'd talk to him though, and keep your own council on top of that. Maybe you can write some things down, like lines you will not let him cross and if he crosses them, you can terminate him.

I agree with some of the others in that I don't think he'd terminate you for bringing it up, unless perhaps you did so in a threatening way.