Are Jews still God's chosen people?

The Jews (Israelites) were God's chosen people for nearly all of Biblical history. But, they reject Christ as the Messiah. If the only path to the Father is through the Son, and Jews reject the Son, how do they still reach the Father? If they never accept Christ as their savior, how are they saved? Are they "grandfathered" in because they were chosen before the arrival of Christ? Lets say from the protestant denominations. It's really just a general question and I'd be interested in reading several perspectives