But, I'll try to explain it to you here because people are lazy and I'm bored.
WELCOME TO CHRONICLES OF ELYRIA!! Where one life is 40-60 weeks, or 10-14 months.
If you die you reduce your play time by 2-4 days, thus dying every day will result in about 4-5 months minimum. Most people will not die every day, so we'll round down to 8 months, round up to $40 for a new char. that's $5 dollars a month. You keep most of your possessions through inheritance and the skills from your first life scale faster, so you keep progress. I'm done.
Just kidding I'll also explain dying, if you are PvEing most things will not coup de gras you ( the only type of "death" that reduces your spirit time ) players can choose to coup de gras you to reduce your spirit time, but that will result in their own spirit loss and leg repercussions if caught.