Product review (3 stars): the HE5 is a horrible design. How many dryers have you ever owned ...
This wire will work.  I installed it about a year ago and now I've ordered 3 more because the terminal once again disintegrated (as other people have reported).  If you have the Kenmore Elite HE5 you will be battling this issue from time to time.  The dryer gets too hot and burns out the metal connector attached to the heating element connector.

As a side note, the HE5 is a horrible design.  How many dryers have you ever owned that require you to remove the drum to replace a heating element?...crazy...never again with Kenmore/Whirlpool for me.