The 16th Century Reformers recovered many glorious truths of the Gospel, all of which Protestants should cherish and celebrate. For instance, they brought back the Scriptural teaching that salvation comes, not as a result of our merits, but because of Christ’s death and resurrection.
I don’t know about you, but sometimes I’m keenly aware of the depths of my sin. In some respects, that awareness is good because it reminds me of who I am without Christ. But it gets dangerous when I lose sight of the truth that the Lord paid the penalty for each of my sins. He took the punishment that I rightfully deserve! Therefore I never have to fear God’s wrath!
He has often used the updated version of this hymn by Charles Wesley to comfort me when I feel overwhelmed by my sin. How wonderful to know that I belong to Him! I no longer fear condemnation, and in fact draw near to my heavenly Father with confidence in what Jesus did for me.