Your concern is valid. That is one reason why I like dividend-paying whole life insurance policies as a place to warehouse your wealth. Technically the government can confiscate any asset they want if they choose, but life insurance has been around since before the tax code was even in place, and it is such an obscure asset that most people don't even think of it being a store of wealth.
Your concern is valid. That is one reason why I like dividend-paying whole life insurance policies as a place to warehouse your wealth. Technically the government can confiscate any asset they want if they choose, but life insurance has been around since before the tax code was even in place, and it is such an obscure asset that most people don't even think of it being a store of wealth.