Ransomed for Us
1Tim 2:6 "who gave Himself a ransom for all, to be testified in due time"
A ransom is what is given in exchange for another as the price of his redemption. We all needed redemption. We all needed someone to pay a price to redeem us from the consequences of our sin - so that forgiveness may be graciously and judiciously dispensed. For God's judicial nature prevents him from forgiving sin unless the penalty first be paid. Such was Jesus' primary mission on earth. Jesus' suffering at the hands of lawless and wicked men paid our ransom.
But some may question as to where is the justice in that. For it is written in Ps 49:7,8 "No man can redeem the life of another or give to God a ransom for him— the ransom for a life is costly, no payment is ever enough" Such would be the case if Jesus were only a man. But while Jesus was a man, he was also more than a man. For "All things were made through Him" So also it says of him, "In the beginning was the Word, and the Word was with God, and the Word was God ... And the Word became flesh and dwelt among us, and we beheld His glory, the glory as of the only begotten of the Father, full of grace and truth." John 1:1,14 Thus while "no man can redeem the life of another", Jesus could, as he was something significantly more than a man, being the Word incarnate, and thus of such high value as the only begotten Son of God that his death paid the ransom for all.