@ Seabreeze
Excellent response! Hope you don't mind if I copy and use it with your permission.
Here are some things I have found:
Christ paid the ransom by His death
Matthew_20:28 Even as the Son of man came not to be ministered unto, but to minister, and to give his life a ransom for many. (Mark 10:45)
The ransom was paid for all
1Timothy_2:6 Who gave himself a ransom for all, to be testified in due time.
The price for the believer's ransom being the blood of Christ.
Acts 20:28 Take heed therefore unto yourselves, and to all the flock, over the which the Holy Ghost hath made you overseers, to feed the church of God, which he hath purchased (ransomed) with his own blood.
The Ransom was paid to free men from sin's consequences i.e., spiritual separation from God including slavery to sin and ultimately from eternal death.
Hos_13:14 I will ransom them from the power of the grave; I will redeem them from death: O death, I will be thy plagues; O grave, I will be thy destruction: repentance shall be hid from mine eyes.
The ransom payment was paid for all so mankind would have a right to a resurrection. Christ died for all. But it seems that the benefits of the ransom sacrifice don't apply to the other sheep right now.
The January 1, 1987 Watchtower, page 30 says:
"While the small group selected to be taken to heaven have had their sins forgiven from Pentecost of 33 C.E. onward and thus already enjoy the Jubilee, the Scriptures show that the liberation for believing mankind will occur during Christ's Millennial Reign. That will be when he applies to mankind the benefits of his ransom sacrifice."
Watchtower writings speak highly of "the atonement." But, in fact, as to its importance, they relegate it to a secondary status behind human good works. In an ultimate sense, what is it that determines whether or not the salvation benefits of Christ’s death are applied? It is not faith in Christ that applies the merits of Christ, but the good works and perseverance of the individual and his faith in the Watchtower Society. For without these, the merits of Christ are worthless. The atonement is therefore of secondary importance to man’s own works of righteousness. Apparently then, for the Watchtower Society, what the Bible describes as "filthy rags" (our works of righteousness) has more value for salvation than the sacrificial and sanctified death of Jesus Christ Himself!
The Witnesses’ doctrine of the ransom largely ignores the Biblical teaching on the subject, by claiming to accept the "ransom sacrifice" which was provided in the death of Christ not as a finished work, but only as a foundation from which man works to provide his own salvation.