Does shizune die

Answer 1

Yes, Shizune dies but when Naruto defeats Nagato; all the souls he stole that were able to be returned, including hers.

Answer 2

In the Invasion of Pain arc Shizune was caught by the Human Path and, after she had her mind read her Soul was removed.

However, she is revived later by Nagato's Outer Path technique.

Edited: Out of date.

Answer 3

No not yet but she does fall into a coma after the Pain battle