It is well with our soul if we have a personal relationship with Christ and trust in His saving work for our sins.
To determine if it is well with our soul, one must reflect on their personal relationship with Jesus Christ and the assurance of salvation He offers. As discussed in the sermon, it’s crucial to be aware of our state before God and acknowledge our need for His grace. A true believer should be able to humbly affirm that it is well with their soul, not based on their own merits but on the grace of God and the redemptive work of Jesus Christ, who came to save sinners. Each individual is urged to seek the Holy Spirit's confirmation of their standing with God through faith in Christ's sacrifice and resurrection.
Scripture References:
2 Corinthians 13:5, John 3:16
Commentary