They do not provide for eternal life, but they do give us principles to govern our lives. The first four dealt with our relationship with God, and the rest deal with our relationship to others. This is the first of the commandments that deal with our relationship toward others. This rule is a fundamental responsibility in human relations. Common sense tells us we need some rules for preserving and strengthening family life.
Statistics show family life is crumbling.
Yet to God, the family is a primary source for blessing and guidance for human lives. Respect for parents has become a forgotten virtue. Old Testament places great emphasis on aged and parents particularly. This is definitely one of the commandments that is taught again in the New Testament. Jesus taught we are to keep this command and Paul addressed the importance of this as well.