What is accomplished and fulfilled by the death, blood-shedding, or oblation of Jesus Christ, is no less clearly manifested, but is as fully, and very often more distinctly, expressed; as
First, reconciliation with God, by removing and slaying the enmity that was between him and us; for “when we were enemies we were reconciled to God by the death of his Son,” Rom. v. 10. “God was in him reconciling the world unto himself, not imputing their trespasses unto them,” 2 Cor. v. 19; yea, he hath “reconciled us to himself by Jesus Christ,” verse 18. And if you would know how this reconciliation was effected, the apostle will tell you that “he abolished in his flesh the enmity, the law of commandments consisting in ordinances; for to make in himself of twain one new man, so making peace; and that he might reconcile both unto God in one body by the cross, having slain the enmity thereby,” Eph. ii. 15, 16: so that “he is our peace,” verse 14.
Secondly, Justification, by taking away the guilt of sins, procuring remission and pardon of them, redeeming us from their power, with the curse and wrath due unto us for them; for “by his own blood he entered into the holy place, having obtained eternal redemption for us” Heb. ix. 12. “He redeemed us from the curse, being made a curse for us,” Gal. iii. 13; “his own self bearing our sins in his own body on the tree,” 1 Pet. ii. 24. We have “all sinned, and come short of the glory of God;” but are “justified freely by his grace through the redemption that is in Christ Jesus, whom God hath set forth to be a propitiation through faith in his blood, to declare his righteousness for the remission of sins” Rom. iii. 23–25: for “in him we have redemption through his blood, even the forgiveness of sins,” Col. i. 14.
Thirdly, Sanctification, by the purging away of the uncleanness and pollution of our sins, renewing in us the image of God, and supplying us with the graces of the Spirit of holiness: for “the blood of Christ, who through the eternal Spirit offered himself to God, purgeth our consciences from dead works that we may serve the living God,” Heb. ix. 14; yea, “the blood of Jesus Christ cleanseth us from all sin,” 1 John i. 7. “By himself he purged our sins,” Heb. i. 3. To “sanctify the people with his own blood, he suffered without the gate,” chap. xiii. 12. “He gave himself for the church to sanctify and cleanse it, that it should be holy and without blemish,” Eph. v. 25–27. Peculiarly amongst the graces of the Spirit, “it is given to us,” ὑπὲρ Χριστοῦ, “for Christ’s sake, to believe on him,” Phil. i. 29; God “blessing us in him with all spiritual blessings in heavenly places,” Eph. i. 3.
Fourthly, Adoption, with that evangelical liberty and all those glorious privileges which appertain to the sons of God; for “God sent forth his Son, made of a woman, made under the law, to redeem them that were under the law, that we might receive the adoption of sons,” Gal. iv. 4, 5.
Fifthly, Neither do the effects of the death of Christ rest here; they leave us not until we are settled in heaven, in glory and immortality for ever. Our inheritance is a “purchased possession,” Eph. i. 14: “And for this cause he is the mediator of the new testament, that by means of death, for the redemption of the transgressions that were under the first testament, they which are called might receive the promise of eternal inheritance,” Heb. ix. 15. The sum of all is, — The death and blood-shedding of Jesus Christ hath wrought, and doth effectually procure, for all those that are concerned in it, eternal redemption, consisting in grace here and glory hereafter.
~John Owen~
The Death of Death in the Death of Christ (Edinburgh, Scotland; Banner of Truth Trust; 1959) p. 158-159.
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”Christ Crucified” delivered on February 11, 1855, by Charles Haddon Spurgeon. eBook. 
The Old Guys 
John Calvin – Ample Ground for Joy
2 Mar[4 Rejoice in the Lord always; again I will say, Rejoice. – Philippians 4:4]
Hence he enjoins it upon them, that, amidst circumstances of hostility and disturbance, they should nevertheless rejoice in the Lord, as assuredly these spiritual consolations, by means of which the Lord refreshes and gladdens us, ought then most of all to show their efficacy when the whole world tempts us to despair. Let us, however, in connection with the circumstances of the times, consider what efficacy there must have been in this word uttered by the mouth of Paul, who might have had special occasion of sorrow For if they are appalled by persecutions, or imprisonments, or exile, or death, here is the Apostle setting himself forward, who, amidst imprisonments, in the very heat of persecution, and in fine, amidst apprehensions of death, is not merely himself joyful, but even stirs up others to joy. The sum, then, is this—that come what may, believers, having the Lord standing on their side, have amply sufficient ground of joy.
~John Calvin~
Calvin’s Commentaries – Philippians (Spokane, WA; Olive Tree Bible Software; http://www.olivetree.com) Commentary on Philippians 4:4
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