An insurer will pay death benefits in a new way.

Metropolitan Life Insurance Co. said that beginning June 30, beneficiaries in death claims of more than $10,000 will be paid automatically through a fully guaranteed money-market account with free checking. But alternate benefit payment options will be available to those who request them, the company said, including a lump-sum check and options such as guaranteed interest certificates. Met Life, which insures 44 million people, issues more death benefit payments than any other U.S. company.