Just like the Israelite people, we too are a chosen people, because God sent Jesus Christ into the world to be our savior. We are God's people. Christ died for us.
I think this poem says it well:
I may be young; I may be old,
But I am somebody, For I am God's Child.
I may be educated; I may be unlettered,
But I am somebody, For I am God's Child.
I may be black; I may be white,
But I am somebody, For I am God's Child.
I may be rich; I may be poor,
But I am somebody, For I am God's Child.
I may be fat; I may be thin,
But I am somebody, For I am God's Child.
I may be married; I may be divorced or single,
But I am somebody, For I am God's Child.
I may be successful; I may be a failure,
But I am somebody, For I am God's Child.
I may be a sinner; I may be a saint,
But I am somebody, For Jesus is my Savior.
I am God's Child.