What does Psalm 103:4 mean?
Redemption and divine love are two more benefits David sees in God. By "redemption" David means deliverance, and the "pit" refers to death. The Lord often delivered David from death. The giant Goliath presumed he could easily slay David, but the Lord enabled David to kill Goliath (1 Samuel 17:41–49). The Lord also delivered David from Saul's attempts to kill him (1 Samuel 19—21).Believers today anticipate their ultimate deliverance from death. Because Jesus is the resurrection and the life, believers will never truly die (John 11:25–26). Jesus died and rose again and will return in the air to resurrect the bodies of departed believers and to transform the bodies of living believers, so that we will be with Him forever (1 Thessalonians 4:13–17; 1 Corinthians 15:50–55; Philippians 3:20–21).
This verse also mentions God's blessings of unfailing love and compassion. David views these benefits as a crown given to him by the Lord. We can never praise the Lord enough for His love and compassion.