re: Advise on Large sum payout

Definitely seek professional assistance....not from a retail type investment advisor in a strip mall. Age is the key factor: if you were trying to live off interest from age 55 to death, it's a far easier proposition than from 30 to death (assuming this accident isn't going to truncate his life span). $50K/yr seems fine today, but inflation, family growth (spouse, kids, taking care of elderly relatives), etc will drive up future expenses. He should live on as little as possible, esp in the early years. Let the money grow.....

And, if this settlement doesn't preclude other work, go get a job ASAP, or start re-training for a line of work allowed by the disability.