Throk says the Great Protector will live out the rest of its years in Vanaheim. This is inaccurate, Vanaheim is the home of the Vanir. The Great Protector would go to Niflheim, home of those that did not die in battle, when it dies.
Throk tells the Great Protector they will meet again in Valhalla when this will be impossible. Only half of those slain in battle go to Valhalla, hand picked by the Valkeries.