In fairness, if you have a good password manager on that phone, that password will be protected by not just the device's unlock PIN but the password vault's mas

In fairness, if you have a good password manager on that phone, that password will be protected by not just the device's unlock PIN but the password vault's master password as well, along with potentially other layers of added protection as well (a second factor to unlock the password vault, biometric authentication to unlock the vault or the device, etc.) But almost nobody uses a good password manager, so... yeah.