The reason for this poll is clear, prior polls are not inclusive of all possible mechanics of implementing death penalty or not.

Fourth option, you die and the game blank out all your profile saves, you can't use it again.

You mean permadeath? I can add that...

There's already another poll about this topic, please use that one instead:

http://www.gamesas.com/topic/1594188-should-sleep-to-save-in-survival-mode-have-an-onoff-toggle/