No - this is the most widely misunderstood and misinterpreted card in a Tarot deck. I've been a Tarot reader for 20 years and have actually come to love and embrace this card for it's beauty and it true meaning.
The death card in Tarot is a card of transformation and great change which often comes through a "death" or "ending". It comes up around things like job loss, divorce etc. and means a period of rebirth after a period of struggle.
When a caterpillar becomes a butterfly it must struggle to free itself from the coccoon. This struggle is difficult but it is what builds the strength in the newly formed butterfly's wings - without that "death" and that struggle - the butterfly would die because it couldn't fly.
So when the death card comes up I tell my clients - "you're growing wings" ;)
It tells you to embrace a new cycle of your life and to let go of that which no longer serves you so that you can fully embrace new opportunities.