The puzzle remains in the large discrepancy between neutron lifetime measured by the two distinct experimental approaches-counts of beta decays in a neutron beam and storage of ultracold neutrons in a potential trap, namely, the beam method versus the bottle method. In this paper, we propose a new experiment to measure the neutron lifetime in a cold neutron beam with a goal sensitivity of 0.1% or sub-1 second. The neutron beta decays will be counted in a liquid helium scintillation detector at 0.5 K, and the neutron flux will be simultaneously monitored by the helium-3 captures in the same volume. The cold neutron beam must be of wavelength λ>16.5 Å to eliminate scattering with liquid helium.