Charm of Keeping
The Charm of Keeping is a small item resembling a lock. When the player dies, the charm will activate and attempt to preserve a portion of the player's inventory and give it to the player once they respawn. The charm is consumed in this process. There are three varieties of Charm of Keeping. They can also be placed in slots added by the Baubles mod.
Important Note
For technical reasons, there is some risk in using the charms. The items are removed from the world when you die, but they are not kept permanently. You must click "Respawn" after you die for the charm to work. If you logout or exit to the menu from the death screen, the game will attempt to drop the items where you died. If you quit the game or it crashes, the items will be lost permanently.
Always click "Respawn" when you are carrying a Charm of Keeping.