Revised, or Modified Dispensationalism

• The era of revised or modified dispensationalism dates approximately from 1950–1985. [1, pg. 19]
• Revised dispensationalists did not emphasize the eternal dualism and separation of heavenly and earthly peoples like classical dispensationalists did. Yet they did emphasize there were two distinct anthropological groups—Israel and the church, which are always kept distinct. These two groups are structured differently with different dispensational roles and responsibilities, but the salvation they each receive and their destination is the same. [1, pg. 19-20]
• For most revised dispensationalists there is one new covenant, not two. The church currently participates in the new covenant while Israel will experience the full fulfillment of the new covenant in a future earthly millennium. [1, pg. 19-20]
• The distinction between Israel and the church as different groups will continue throughout eternity even though both groups inherit the millennial kingdom and the eternal state. [1, pg. 19-20]
• Also, revised dispensationalists hold that Jesus is not sitting on or ruling from David’s throne during the church age. Thus, Jesus’ Davidic reign is future. [1, pg. 19-20]
• Key theologians of revised dispensationalism include John Walvoord, Dwight Pentecost, Charles Ryrie, Charles Feinberg, and Alva J. McClain. There are many revised dispensationalists today. [1, pg. 19-20]

References:

1. Michael J. Vlach, Dispensationalism: Essential Beliefs and Common Myths, Revised and Updated. (Los Angeles, CA: Theological Studies Press, 2017).