You should have backups with a passphrase, in different locations. So if the underground stash is stolen/corroded, or if the bank opens up your safe deposit box, then your money is still safe.
Is this easier? No. Is this what we’ve come to? Yes. Now that we’ve got a choice, it’s our own fault no matter which system fails us.
I’ve been using the Electrum wallet for years now with no issues.