1 Peter 1:23 Being born again, not of corruptible seed, but of incorruptible, by the word of God, which liveth and abideth forever.
God promises us a New Life. We are born again, a second time, from above, into new life. This life is God’s Life. He lives in us next to the Old Life. This life is spiritual, invisible, heavenly, unseen but nevertheless real and substantial. This life is sinless, pure, holy, and everything good. It bears good fruit and does good works. And this life is eternal, for it is born of incorruptible seed, so it will never sin and never die.
All this we have been given by grace since we have been baptized and believed in Christ. This life has come into us by means of the Eternal Word of God, which lives and abides forever. Everything else will pass away, but the Word and the Life of God will live and keep on living forever without end.
Being born again to a new life is actually a two-fold promise: The first aspect of the promise is that we are living this life now already; the second is that we are guaranteed that we shall enjoy the fullness of this new life in the future, but not yet. The problem is that in this earthly lifetime the devil, the world, and the flesh (the old man) drowns out the new man, the new life. But we have this promise so that we might remember our baptism and see by faith what we have been graced with. By daily repentance and faith in the Gospel we walk in newness of life. in addition we have the sure and certain hope of life with God in the forever Kingdom. That not yet hope positively affects our present day.