In Demon Soul, was there any way to re-set your skills and attributes and give them out again wherever you wanted? That way if there was, then there's a good chance it will be in this game also. Thanks.
Yep, maybe they will be a re-set stats but I doubt it. To lose your level you could also invade someone and die by anything except the host (invaded player), each time you die that way you lose one level.
Do not be concerned, life is hardly as precious as one might think.