This theory is rejected by The Church of Jesus Christ of Latter-day Saints. The idea of repeated return or of a continuing, exacting wheel of rebirth is based on the Eastern doctrine of karma. According to this belief, all inequalities of birth, society, race, and economic being are products of one's individual karma created by an accumulation of previous behavior. Karma is also seen as a cosmic law of justice. It is an eternally moving wheel of rebirth.
Experience is repeatable.
An individual spirit can live again and again in a wide variety of guises and forms in the mortal estate. In Latter-day Saint doctrine, mankind is on the road to immortality and eternal life . One moves from one type of existence to another along the way. In LDS theology, the physical body is sacred, and its elements are imperishable. The body is prerequisite to becoming like God.