Regarding salvation,
dispensationalists believe that in every generation
men are saved by
grace through faith, but they also recognize that the
content of their
faith differs from dispensation to dispensation. Ryrie (p.
123) explains
salvation in Dispensationalism as follows: "The basis of
salvation in every
age is the death of Christ; the requirement for salvation
in every age is
faith; the object of faith in every age is God; the content of
faith changes in the
various dispensations. It is this last point, of course,
w h i c h d i s t i
n g u i s h e s d i s p e n s a t i o n a l i s m from c o v e n a n t
theology.”
(Fruchtenbaum, I, p. 326)
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