Ah, that makes sense. However, if you're not interested in spending, just storing for a long period of time, they are more or less equivalent in terms of security, I'm assuming?
A hardware wallet firewalls your loved ones from that risk.
You would probably not own a hardware wallet without storing the keywords for recovering the private key on paper (or similar). At that point it is more or less how you store the paper that will affect your level of security.