Misread that, but as I already noted, the value of money would also plummet, and society would probably at least temporarily devolve into anarchy, through which you probably wouldn't be able to hold your claim on any part of their estate. So the correction doesn't really bear on any of the comment's points.
If you have to add an extremely critical, tenuous assumption about the fraction of people that the buyers of this insurance believe would disappear in rapture, yeah, it does bear on your comment's points -- all of them, as far as I can see.
http://eternal-earthbound-pets.com/Home_Page.html
Providing assurance that pets will be provided for in the event of Rapture.
Having thought it over, I'm OK with the ethics of this service.