value of life
economic value used to quantify the benefit of avoiding a fatality. It is also referred to as the cost of life, value of preventing a fatality (VPF), implied cost of averting a fatality (ICAF), and value of a statistical life (VSL)
en-US/ˈvælju ʌv ˈlaɪf/
en-GB/ˈvæljuː əv ˈlaɪf/