In most cases this will be three times your salary at the time of your death.
The beneficiary or beneficiaries are at the complete discretion of the trustees. This means that the payment will be tax free.
We strongly recommend that you complete nomination form NOM1 (pdf) to give the name(s) of those who you would like to receive the money. You can nominate more than one person if you like. This form will help the trustees make their decision. You should update this form if your circumstances change.