> The secret material can't just be stored on disk - that would allow anyone who had access to the disk to use that material to decrypt the keyring and get access to the passwords, defeating the object.
I'll provide a broader explanation: you cannot encrypt your key with a fingerprint.
A genuine "throw away the key" lock is only possible when the decryption key is completely erased from memory during the screen lock, and you cannot use your fingerprint or face image as a key by itself.
A screen lock using stored secret is inherently incapable of providing encryption at rest. It's like a password on a sticky note.
A "throw away the key" is only possible with a password, or a smartcard.