Salvation is eternal life. It is life in the highest heaven, life among the Gods and the angels. The word salvation means exactly the same thing as eternal life, but simply lays stress upon one’s saved condition, his state being one of deliverance from death and sin through the atoning sacrifice of Jesus Christ.
Exaltation is another word with which we have come to identify the glories of the celestial kingdom; exaltation has the same meaning as eternal life; it has the same meaning as salvation. To be saved is to be exalted, the latter term simply laying stress upon the elevated and ennobled status of one who so qualifies to dwell with and be part of the Church of the Firstborn, the Church of the Exalted. (Robert L. Millet and Joseph Fielding McConkie, The Life Beyond, p. 134)