Everyone has something valuable to lose.
(Obviously a lot of people will grant it, but a sufficiently motivated person - human-rights activist, political dissenter, journalist, etc etc - might not)
For the rest of us where physical coercion to unlock the phone isn’t in the threat model, it really does improve on the trade offs between security and convenience.
Feels disproportionate to say we should not do the latter because of the former.
On the other side burglars can get into a house and force people to unlock their phones or reveal their passwords, if they care to. There is no protection against that unless those people value their secrets more than the harm the burglars will do to them.
All considered, I unlock with my fingerprints.
This is not the case, at least, the law is not very settled in that direction. There has been at least one famous case [0] where an appeals court found that a defendant could be help in contempt of court and imprisoned for refusing to provide his password.
[0] https://www.theregister.com/2017/03/20/appeals_court_contemp...