That's an interesting way to put it. I wouldn't say it's wrong, but I don't think that's the way Jewish people think of it.
Jews don't really have the concept of 'salvation' in the way Christians do. Orthodox Jews believe that God promised to favor the Jews so long as they followed The Law, but they realize that it's an ideal, that nobody can follow it completely. They believe that God forgives our mistakes, he doesn't expect perfection, and there are ways to do atonement and repentance and things like that.
But it's not about going to heaven, it's about living a good life here on earth, not just for yourself for others.
Jews don't believe (as some Christians do) that one is 'saved' by belief, or that one is 'saved' at a particular point in time. It's a lifestyle, a system of ethics and principles, not of beliefs, and it's a constant struggle through one's life. And the reward is here, not in the afterlife.