The Dispensational Position This dispensationalist’s answer to the question of the relation of grace and law is this: 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, that distinguishes dispensationalism from covenant theology, but it is not a point to which the charge of teaching two ways of salvation