Totem of Soul Protection

Totem of Soul Projection is a mid-game craftable relic that can be thrown to activate. When thrown it will hover in place after travelling 8 or so blocks. When the player dies, they will be teleported back to the totems position, granting them Slow Fall III, Regeneration II and Resistance II. 

Crafting will require the totem to be in the centre of the table with 4 soul lanterns on all sides and 4 Ghast tears in the top and bottom corners.

Why do I want this? Cool is not a reason, rather the functionality for mini-games, contraptions and general vanilla minecraft could benefit from this. It would also serve as a failsafe for a trip to the End that might end poorly (Pun Intended)