I booked an elective induction (for 38+5) for my DS2 for a variety of reasons - mainly anxiety. Just having it booked in reduced my anxiety greatly. My waters actually broke spontaneously the night before anyway but as labour did not start I had syntocin. I didn't enjoy my artificial labour/contractions and elected for an epidural (I also had an epi with DS1) but all other parts were great and far less stressful than the anxiety I felt during the last weeks of pregnancy! I would definitely make the same decisions again under the same circumstances.

Only you (and your DH) can make this decision, and whilst you need to consider the possible ramifications of intervention, the anxiety you are feeling is real and valid and its ok to choose induction in consultation with your OB.