This thread is inspired by another: view original post
This poll is assuming your entire squad dies, and there is no one to revive.
Regarding Option #3; You would have to restart your mission, and reclaim the items in the spot you die.
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#Destiny
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YES THERE SHOULD BE A PENALTY FOR DEATH. i dont think losing ALL of your inventory is fair but losing some money sounds about right. if there is no death penalty then people would just keep charging straight into the fight and not worry about any type of strategy. in older games if you died you had to start the entire level over and if you didnt have any "continues" you had to start the whole game over!