What is your view of the soul and why?

I would be interested to hear what people think about the soul, the spiritual part of us that seems to transcend the body. I'm interested in it's destiny. I can think of five main views on the soul:

  1. Immortal: it goes on to live forever and ever in an afterlife with a continuity of identity.

  2. Mortal: at some point, whether in this life or afterlife, it comes to an end and dissipates.

  3. Reincarnation: when the body dies it moves on to another one and there is little or no continuity of identity since memory is wiped out.

  4. Illusion: there is no actual soul, it's just an illusion.

5: Collective/God: Our soul is actually God, the I AM, and there is only really one soul even though it seems there are many.