It is hard to place a value on a life. Unfortunately, the law requires us to try and place a monetary value on a human life to make the family whole for their lose.
Factors the jury is asked to consider are: age, education, familia responsibility (provider), role in the community, etc.
The law primarily looks at the financial hardship placed on the family.
When the loss is that of a working parent, the loss to their family is more quantifiable. When a parent dies, children may seek damages for the loss of the following: