Hi Glenn. I was taking a break from this board, but tonight I couldn't resist. :)

Yes, I believe all people have an immortal soul, from the moment of conception. It is the immortal soul that enjoys eternal life or suffers eternal punishment after death. On the Last Day, all souls will be reunited with our bodies, and we will be people again - though I imagine our bodies will be in glorified form, as Jesus' is since His Resurrection.

When I speak of eternal life, I mean eternal life with God. Technically, the condemned are also in eternal life - but it's a life of eternal punishment. I don't believe the punishment is literal fire - it's the figurative "burning" of sorrow and frustration of those who now know that they blew their chance to be with God forever. They suffer eternal separation and th pain of knowing what it is they're missing - for eternity.

Radar