If you decide to have more than one beneficiary, you will allocate a percentage of the death benefit for each, so that the total allocation equals 100%. A simple example of this would be allocating 50% to your partner, and 25% to each of your two children, for a total of 100%. When your death benefit is paid, your beneficiaries will receive the percentage based on your allocations.
Alternatively, you can choose a primary and contingent beneficiary. Your primary beneficiary will receive the death benefit if they are still living at the time of your death. Otherwise, the death benefit will be paid to your contingent beneficiaries. For example, you have named your partner as your primary beneficiary with 100% allocation, and your two children are named as your contingent beneficiaries, each with a 50% allocation. If your partner passes away before you do, then your children will receive the death benefit. It’s a good idea to name a contingent beneficiary, since it’s possible that your primary beneficiary could pass away before you do.