UrsusArctos: "Selection" is rendered here as 選択 (pronounced as sentaku) which is the common Japanese term used for a choice or selection. "Life" is rendered as 命 (inochi), which is used in other meanings rather than just life: "destiny, command, decree of a ruler" or in odd contexts "lord, prince". It is in fact a common element in the Japanese word for "an order",命令 (meirei) which we hear when Gendo and Misato talk about giving orders. The title could be a pun on "selection of destiny/a decree" both of which fit the decree that ends the fate of Eva-03 later in the episode.
