I dont know why they just don't give companions a tremendous amount of bleed out life, so they can still die, but its highly unlikely they will as long as the player is still standing. But for those of us that want to go through the bereavement process with companions. lol Poor Lydia, how many times did I watch you die.
well then we can.
I actually encourage their deaths, just to have a reason to try out a new companion.
Also it might help if the programmers actually gave them some self preservation A.I. so that when in trouble they'll retreat or run and hide.
I just don't want my hand holding just because some gamers don't want to apply a modicum of caution to their playstyle, and then when the inevitable happens, cry about it and reload.