Not sure how to name change but what the hell. I run my own business. The last 18 months have been very tricky but I managed to figure things out in jan and feb this year so the business would sort itself out in a few month's. And then this virus happened. The business is now closed for however long it will be until the government guidance changes. My staff have their wages covered (80% at least) and I've applied for a business interruption loan but I dont fancy our chances due to the bad 18 months prior. I can't see how I can keep everything ticking over - the standing orders/direct debits amount to £2k/month alone.
I have a life insurance policy worth £200k, the suicide exclusion is only for the first 12 months so from the 23rd of this month they will pay out if I take my own life. I have another joint policy with my husband that may also pay out £150k, but I can't remember exactly and what the terms are.
This money would pay all the business debts (which are in mine and my husband's personal names) and most if not all of the mortgage. I dont want to leave my children but this way they would be set up for life and my husband wouldn't have to worry about the bills or the mortgage.
I have chronic severe depression. I'm on 150 sertraline, on waiting list for IPT, most days I manage, some days I don't. I really see this as a way out and a choice I can make to improve the lives of my family.