If it's wiped then there's no data for them to get?
Smart phones generally let you add an Emergency Contact number that anyone can use the phone to call/text without entering a password, in order to facilitate an honest person returning the phone or someone contacting your family if you are found incapacitated.
Yes - you can set a message when you put a device in 'lost mode' in order to facilitate it's return if it's truly lost and found by a decent human being.