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I have read for an American, life is priced at 5 to 10 million bucks
I think they calculate the present discounted value of the persons income stream
there isn't?
I can certainly think through a few scenarios, monetary or not, where I'd sell my life.
The scenarios I can think of are strictly non-monetary. If my circumstances were sufficiently different, then I could easily imagine putting monetary prices on my life.
There's definitely an implicit risk/benefit calculation though.
I don't know what dollar value I would put on my life, but if I get cancer, I would not be willing to forego all of my material resources to improve my probability of survival by 10%, for example.
I imagine your line of thinking is similar to mine in primarily being about the wellbeing of your family.
Yes. And secondarily, quality-of-life / pain / comfort issues.
There's also the issue of conflating value and price. One reason my life is priceless, is because there's no monetary price I'm willing to part with it for and I'm the rightful possessor.
That doesn't imply that I'm infinitely valuable to society.