The “Promised Land" is often invoked as a metaphor for heaven or paradise. Over time, its main use changes from a place to escape involuntary servitude, social debauchery, or war induced strife. This “place” is only reachable after ones death. You do not need to die to go to Israel.
Considering the periphery of war and terrorism that surrounds and encroaches into Israel, it is hardly the Promised Land or even a good metaphor for it.