Do you want a flimsy ToS and privacy policy and (possibly, depending on implementation) an internal audit log you’ll never have access to to be the only thing between the cameras in and around your house and whoever Phillips decides to put in charge of operating the system(or whoever succeeds in putting themselves into the system when Phillips screws up and leaves a hole or has a privileged credential phished)?
E2E isn’t some super-esoteric-military-encryption-with-kung-fu-grip option; it’s the only option aside from “manage everything yourself” and “vendor says ‘trust me bro’”.