This paper provides an empirical assessment of the effects of age and baseline health on the Value per Statistical life (VSL) by reporting the results of a compensating wage differential for occupational fatality risk in France. To our knowledge, this is the first paper that uses a population-based cohort combining respondents' full medical history elicited using face- to-face interviews with physicians and respondents' actual work history extracted from administrative records. Focusing on blue-collar men, aged between 20 to 59 years old, we find an average VSL estimate of 8 million euros. Our results support the hypothesis that VSL varies with age and baseline health: indeed VSL decreases with age and increases with baseline health.