Star citizen is going to have you making a new character if your pilot dies.
Not only that, your characters appearance will change over time. It'll age and will become scarred depending on how many times you've been in combat etc.
It'll be possible to see who are veteran players and who are rookies just by their appearance.
That, coupled with your character having a finite lifespan, I think is an absolutely brilliant way of going about it. Really makes your character mean something and has broken away from the traditional age-old way in which players relate to their avatars in mmo's.