Redeemed by His Death, Saved by His Life

Romans 5

8 But God Commendeth His Love toward us (Christ dying for the ungodly is a proof of Love immeasurable), in that, while we were yet sinners, Christ died for us (Jesus died for those who bitterly hate Him).
9 Much more then (if Christ died for us while we were yet sinners, how much more will He do for us now that we are Redeemed and, thereby, reconciled to Him!), being now Justified by His Blood (we are justified now, and the Blood of Christ stands as the guarantee for that Justification), we shall be saved from wrath through Him (the Wrath of God, which is always manifested against sin).
10 For if, when we were enemies, we were reconciled to God by the Death of His Son (the only way we could be reconciled; this Verse shoots down the “Jesus died spiritually doctrine”), much more, being reconciled, we shall be saved by His life (does not speak of His Perfect Life, but rather the pouring out of His Life’s Blood at Calvary).
11 And not only so, but we also joy in God through our Lord Jesus Christ (we are to boast of our Reconciliation to God, for it is a true confidence [1 Cor. 1:31; 2 Cor. 10:17]), by Whom we have now received the Atonement (Reconciliation).

Swaggart, J. (2005). The Expositor’s Study Bible (p. 1977). Jimmy Swaggart Ministries.