I’ve taken care of this ring my whole life.
My father remained single all his life.
I’ll make up for it with my life.
One life is all you get. It's your whole life.
This is a jukugo word that uses the on'yomi readings of the kanji. You didn't learn this reading for 生 though, so here's a mnemonic to help you:
Who has been in charge of you your whole life? The shogun (しょう). He owns everyone and that's how it will stay for your entire life.