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Now this is eternal life: that they may know You, the only true [supreme and sovereign] God, and [in the same manner know] Jesus [as the] Christ whom You have sent. (John 17:3) By Jesus' loving and caring ways, by His power to meet every human need, and by His teaching the word of God, His disciples came to know the Father and the Son. Jesus linked eternal life with knowing God, being one with God, and loving others with God's pure love. Because the Father and the Son have eternal life, it is eternal life to know them. Eternal life is experiencing life as God knows it.

For just as the Father has life in Himself [and is self-existent], even so He has given to the Son to have life in Himself [and be self-existent]. (John 5:26) The Father has life in himself, and he has granted that same life-giving power to his Son. As such, the Father is granting the Son functional authority to grant life, just as he grants him the functional authority to judge.

And He has given Him authority to execute judgment, because He is a Son of Man [sinless humanity, qualifying Him to sit in judgment over mankind]. (John 5:27)

I assure you and most solemnly say to you, the person who hears My word [the one who heeds My message], and believes and trusts in Him who sent Me, has (possesses now) eternal life [that is, eternal life actually begins—the believer is transformed], and does not come into judgment and condemnation, but has passed [over] from death into life. (John 5:24) But God, being [so very] rich in mercy, because of His great and wonderful love with which He loved us, even when we were [spiritually] dead and separated from Him because of our sins, He made us [spiritually] alive together with Christ (for by His grace--His undeserved favor and mercy--you have been saved from God’s judgment). And He raised us up together with Him [when we believed], and seated us with Him in the heavenly places, [because we are] in Christ Jesus, [and He did this] so that in the ages to come He might [clearly] show the immeasurable and unsurpassed riches of His grace in [His] kindness toward us in Christ Jesus [by providing for our redemption]. For it is by grace [God’s remarkable compassion and favor drawing you to Christ] that you have been saved [actually delivered from judgment and given eternal life] through faith. And this [salvation] is not of yourselves [not through your own effort], but it is the [undeserved, gracious] gift of God; not as a result of [your] works [nor your attempts to keep the Law], so that no one will [be able to] boast or take credit in any way [for his salvation]. For we are His workmanship [His own master work, a work of art], created in Christ Jesus [reborn from above--spiritually transformed, renewed, ready to be used] for good works, which God prepared [for us] beforehand [taking paths which He set], so that we would walk in them [living the good life which He prearranged and made ready for us]. (Ephesians 2:4-10)