The SE will still require a password or other authentication data (e.g. iris/finger print, biometric measurements) until it will use its key to decrypt the data.
The only ways around this are:
* physical extraction of the embedded memory in the SE (I'm not sure if this is actually feasible, it's certainly a destructive attack)
* "updating" the SE firmware - this is what the FBI wanted Apple to do in that terrorism case, that Apple develop a SE firmware that leaks the secret key
* exploiting bugs in the SE firmware - this is what the FBI ended up doing by hiring either Cellebrite or some anonymous hackers (depending on which source one believes).