The Blessed Hope is the event when Jesus Christ raptures his Church prior to his return to earth.  In this future moment in time all believers who have died will rise from their graves and meet the Lord in the air, and those who are still alive will be caught up with them, to be with the Lord forever. The Millennial Reign of Christ is the event when Jesus Christ returns to earth again and personally establishes his rule over the nations for a thousand years period.  At this time many in the nation of Israel will recognize and accept him as the Messiah, the Savior who died for them and for all mankind. The Final Judgment will take place for those who have rejected Jesus Christ.  They will be judged for their sin and receive their eternal punishment.  Satan and his demons will be destroyed at this time. New Heavens and New Earth is prepared for all people, of all time, who have accepted Jesus Christ.  We will live and dwell with him there forever following His millennial reign on earth.