THE CURRENT TEACHING OF THE MORMON CHURCH:

Christ's death brought release from the grave and universal resurrection. Salvation by grace is universal resurrection. Beyond this, man must earn his place in heaven. Of course this must done through the LDS Church.

"The atonement of Jesus Christ is of a twofold nature. Because of it, all men are redeemed from mortal death and the grave, and will rise in the resurrection to immortality of the soul. Then again, by obedience to the laws and ordinances of the gospel, man will receive remission of individual sins, through the blood of Christ, and will inherit exaltation in the kingdom of God, which is eternal life."
Doctrines of Salvation, Vol. 1. Pg.123

WHAT THE BIBLE SAYS ABOUT ATONEMENT:

1. SALVATION IS NOT UNIVERSAL BUT BASED ON EACH INDIVIDUAL:

Whosoever that believeth in him should not perish.	Jhn 3:16-18
Salvation unto everyone that believe	Rom 1:6
Those that look for him, salvation	Hbr 9:28

2. KEY PASSAGES DESCRIBING THE NATURE AND FUNCTION OF GRACE:

(GRACE-UNMERITED FAVOR)

God's Favor	Gen 6:8
Grace, not works	Rom 11:6
All abundant	Rom 5:5-20
Work of God	Jhn 6:28-29
Faith counted as righteousness	Rom 4:5
Grace, not Law	Jhn 1:17
All sufficient	2Cr 2:9

3. SALVATION BY GRACE, NOT BY WORKS:

Saved through grace by Jesus, just as we are.	Act 15:11
Not by works	Rom 11:6
Work of God, Belief in Jesus Christ	Jhn 6:28-29