The value of life is an economic value used to quantify the benefit of avoiding a fatality. ... In many studies the value also includes the quality of life, the expected lifetime remaining, as well as the earning potential of a given person especially for an after-the-fact payment in a wrongful death claim lawsuit.
Life is valuable because we can feel what others feel, we can imagine the experiences of others, and we instinctively want that experience to be good because we can imagine it as our own experience.
