My interpretation was that it's easier to physically force someone to mash their finger on the sensor than to get them to divulge a password, not that it offers you any kind of legal protection. But yeah, it's a plausible but somewhat contrived situation to find yourself in.
It does offer you legal protection. In the US, the right to not self incriminate protect you from divulging passwords but does not protect you from giving up biometrics. In other countries the rule is different.