In a sense. Many actually believed in Hel (yes, without the second "l"). It was said to lie due north and exist underground but was cold and damp. Although not as pleasant as the idea of heaven, it wasn't torturous either. More like a perpetual state of sleep. There was, however, another level below Hel for the wicked where a serpent called "Nidhoggr" gnawed on their flesh.
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