“For if while we were enemies we were reconciled to God by the death of his Son, much more, now that we are reconciled, shall we be saved by his life”. Ro5.10 ESV
We are given so much more than a clean slate, when we look to Christ for our acceptance before God. His death has certainly erased our debt but it is His perfect life, which is credited to our account. What good is an empty slate when the Master requires perfection? And so, the perfect life of Jesus is transferred to us. We are saved as much by the life of Christ as we are then by His death.
When the scriptures tell us that we are saved by His life, we understand this to be more than just a simple accounting notation. Jesus comes to live in us, and through us. His very life enters our own. Father will never turn away His Son, and so we may be confident that when we come to judgment we do not come alone. When the Father sees Jesus in us, He will embrace us as His own.