Some times we use different terms for the "Light" Doctrine.
Bishop G.T. Haywood (head of the PAW for many years), S.G. Norris (head of ABI and responsible for teaching hundreds of Apostolic ministers), F.E. Curts (Superintendent of the Ohio UPC District and respected Bible teacher of a few years back), and others have taught over the years that
Acts 2:38 is necessary to be in the Bride and in the Rapture but that at the second resurrection (
Matthew 25:31-46,
Rev. 20:11-15) all those who were not in the first resurrection will stand before God and be judged. They will be judged by how well they walked in the light that they had. Those who sincerely served God to the best of their knowledge will be rewarded in Heaven or the New Earth and those who rejected God and refused to walk in the light they had will go to the Lake of Fire.
I'm not arguing for or against this teaching. It is widely believed (but not widely mentioned) among Apostolic ministers. That's how I understand the "Light" doctrine or some times it's called "the holy and the righteous" doctrine.
Here is an excerpt from Bishop G.T. Haywood's book on the Resurrection in which he discusses this:
The Second Resurrection.
According to the inspired word of God the resurrection of the
"blessed and Holy" is completed a thousand years before the second
resurrection. It is from this point that we are obliged to note the
difference between partakers of the two resurrections.
After the thousand years expire "the rest of the dead" (those who
did not come forth in the first resurrection) both righteous and
wicked, live again and are made to stand before God. It is then that
Jesus separates them as a shepherd divideth the sheep from the goat
according to Matt. 25:31-46.
In this resurrection is included all the righteous men of all
ages who walked in all the light that they were given. It is my candid
opinion that all heathen, Israelites, Christian professors who have
never heard the true gospel of Christ and those who die during
the millennium, walking in the light of their times will be given
eternal life at the last resurrection.
Many righteous people have died without the Holy Ghost and
the question has been asked: "Where will they come in?" They shall be
given eternal life in the last day. They shall inherit the New
Earth where life eternal reigns because "there shall be no more death.
If we desire to take part in the first resurrection we must be
filled with the same Holy Spirit that raised Jesus from the dead. It
is the church of the First-born that takes part in the first
resurrection. To enter into that Church, which is his body, we must be
baptized into it by both water and the Spirit. (See
John 3:5; Rom.
6:3-5;
1 Cor. 12:12, 13;
Gal. 3:26-28.
The time for the first resurrection is at hand. Are you
preparing to meet the Bridegroom? You must get oil within your vessels
and have your lamps trimmed and burning. Soon shall we hear the
midnight cry - "BEHOLD, THE BRIDEGROOM COMETH."