If you're HODL for 5-10 years, I would definitely do paper.
Electronics have a lifespan, and you don't want to find out when your hardware wallet is about to die. I would only use a hardware wallet if I needed to get access easily on the road, not for 5-10 year holds.
You can use seeds to get your information and coins back if you're using ledger nano S. And I don't think their life span is less than 10 years. Think about 15 yer old mp3 players. They're still working.